INSURER APPROVAL FOR NEW BUSINESS OR INCREASE IN LIABILITY
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff
An agent who receives notice of termination or suspension of the agent's contract from an insurer may not write, without the written approval of the insurer:
(1) any new business; or
(2) any increase in liability on a renewal policy or an existing policy.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.