Texas Insurance Code 881.058 – Agent
Current as of: 2024 | Check for updates
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(a) A person who solicits an application for a certificate or policy providing insurance on the life of another is considered to be an agent of the statewide mutual assessment company that issues the certificate or policy in a controversy between the company and the insured or the insured’s beneficiary.
(b) An agent described by Subsection (a) may not waive or alter the terms of an application, certificate, or policy.
Terms Used In Texas Insurance Code 881.058
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- 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