| (a) Statutory basis and purpose. This subchapter implements the Managing General Agents' Licensing Act (the Insurance Code, Article 21.07-3). The Managing General Agents' Licensing Act (Act) was first enacted in 1967 as Chapter 757 at page 2048 of the Acts of the 60th Legislature and first became effective on August 28, 1967. (b) Severability. Where any terms or sections of this subchapter are determined by a court of competent jurisdiction to be inconsistent with the Act, as identified by this subchapter, the Act will apply and the remaining terms and provisions of this subchapter shall continue in effect. (c) Effect of rules. The sections set out in this subchapter are prescribed to govern the performance of appropriate statutory and regulatory functions and are not to be construed as limitations upon the exercise of statutory authority by the State Board of Insurance (board) or the commissioner of insurance
(commissioner). (d) Violation. A violation of any lawful rule, regulation, or order of the commissioner or board made pursuant to this subchapter constitutes a violation of the Act.
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