A life insurance company that discontinues the business of issuing life insurance policies on the lives of residents of this state remains liable for the payment of renewal or service commissions on life insurance policies previously written by the company under the terms of the company's contracts previously made with agents residing in this state.
Tex. Ins. Code § 4054.251
INSURANCE COMPANY LIABILITY FOR PAYMENT OF COMMISSIONS
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.