Texas Insurance Code 981.220 – Managing General Agents; Limited Authority of Certain Agents
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Terms Used In Texas Insurance Code 981.220
- Property: means real and personal property. See Texas Government Code 311.005
A surplus lines license granted to a managing general agent who is not also licensed under Chapter 4051 is limited to the acceptance of business originating through a licensed general property and casualty agent. The license does not authorize the agent to engage in business directly with the insurance applicant.
