No Fiduciary Duty Owed to Insureds Under Texas Law
Texas law takes a restrictive view of what duties an insurance agent owes to policy purchasers, and claims for breach of fiduciary duty against an agent are not typically successful. In Texas, there is no formal fiduciary duty between an insurance agent and an insured. There is also no legal duty imposed upon an insurance agent to extend policy protection of their insured simply because the agent knows the customer may need additional insurance.