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Terms Used In Texas Insurance Code 4005.054

  • Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005

A person who holds a license under this code and receives a commission or other consideration for services as an agent may not receive an additional fee for those services provided to the same client except for a fee:
(1) described by Section 550.001 or 4005.003; and
(2) for which disclosure is made as required under Section 4005.003 or Section 4005.004.