Tex. Insurance Code § 846.107
RECEIPT OF THING OF VALUE; CRIMINAL PENALTY
Texas · Texas Insurance Code · Status: effective
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- Citation
- Tex. Insurance Code § 846.107, RECEIPT OF THING OF VALUE; CRIMINAL PENALTY, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/679644
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Full text
(a) A board member, officer, or employee of a multiple employer welfare arrangement may not, knowingly and intentionally, directly or indirectly:
(1) receive money or another valuable thing for negotiating, procuring, recommending, or aiding in:
(A) a purchase by or sale to the arrangement of property; or
(B) a loan from the arrangement; or
(2) be pecuniarily interested as a principal, coprincipal, agent, or beneficiary in a purchase, sale, or loan described by Subdivision (1).
(b) A person commits an offense if the person violates this section. An offense under this subsection is a felony of the third degree.