28 Tex. Admin. Code § 19.1502 - Definitions
The following words and terms, when used in this subchapter, shall have the following meanings unless the context clearly indicates otherwise.
(1) Agent fee--A
charge by a local recording agent, in lieu of or in addition to the commission,
for services the agent agrees to perform in connection with the sale or service
of a particular policy.
(2)
Client--The client of the local recording agent.
(3) Commissioner--The commissioner of
insurance.
(4) Fees--Fees
authorized by Texas Insurance Code, Article 21.14, §4(e), which may include the
services rendered to a client but not anticipated in any commission paid to the
agent by an insurance company. These services may include special delivery
postal charges, printing and reproduction costs, electronic mail costs,
telephone transmission costs, or similar costs that the local recording agent
may incur on behalf of the client.
(5) Inspection fee--A charge by a local
recording agent for examination of a risk to be insured to determine
acceptance, rejection or rate.
(6)
Local recording agent--A person subject to licensing under Insurance Code,
Article 21.14.
(7) Membership
dues--A payment or obligation required by an organization or group for an
individual to be considered a member or part of the organization or
group.
(8) Policy fee--A charge by
a local recording agent on behalf of an insurer, managing general agent or
surplus lines agent in connection with issuance of the policy. This charge is
in addition to the premium.
(9)
Service fee--A charge by a local recording agent for actual costs incurred in
obtaining a motor vehicle record of a person, or a photograph of property,
insured under, or to be insured under, an insurance policy; or the reasonable
costs of special delivery or postal charges, printing and reproduction costs,
electronic mail costs, telephone transmission costs, and similar costs incurred
by the agent on behalf of the client.
Notes
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