Texas Statutes and Rules Common to Life and Health Insurance
Two insurers agree to intimidate agencies into refusing business with a competitor, tending to unreasonably restrain the insurance market. Which Texas prohibition most directly applies?
Answer and explanation
Answer: A. Section 541.054 requires concerted action or an agreement and an unreasonable restraint or monopoly tendency in the insurance business. A bare example of one agent using pressure does not establish all those statutory elements.Source: Texas Department of Insurance — §541.054
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