Tex. Ins. Code § 1131.403

PAYMENT OF PREMIUMS

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff

The premium for the policy must be paid:

(1) wholly by the principal; or

(2) partly from funds contributed by the principal and partly from funds contributed by the insured agents.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.