Exemption From Certain Requirements

Sec. 2201.005. EXEMPTION FROM CERTAIN REQUIREMENTS. (a) A provision of Chapter 981, 4055, or 4056 does not apply to an agent described by Subsection (b) if the provision: (1) requires residency in this state; (2) requires countersignatures; (3) prohibits the solicitation of insurance in this state by a nonresident or the payment of commissions to a nonresident; or (4) prohibits a nonresident from acting as a surplus or excess lines agent. (b) The exemption provided by Subsection (a) applies to an agent licensed under Chapter 981, 4055, or 4056 who is acting on behalf of a risk retention group or purchasing group operating in this state or a group member in this state in providing or placing liability insurance for risks located in this state. Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.