Payment of Premiums

Tex. Insurance Code § 1131.403, under Chapter 1131.

Tex. Insurance Code § 1131.403

Sec. 1131.403. PAYMENT OF PREMIUMS. 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. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.