clase 3 License Expiration and Renewal

In Texas, holders of limited lines and county mutual licenses must complete how many hours of continuing education (CE) every two years?

10 hours Because Holders of limited lines and county mutual licenses must complete 10 hours every two years with two hours of ethics. Only five hours may be self-study.

Terry is licensed in Texas as a life and health insurance agent. To maintain his license, how many hours of continuing education must he complete during each license period?

24 Because Terry must complete 24 hours of continuing education during each two-year license period. Two of the hours must be on ethics.

Fred's license was revoked on January 15, 2019 because he had engaged in controlled business on a regular basis. If he did not seek a judicial review of the license revocation, what is the earliest date that he can re-apply for an agent's license?

January 15, 2024 Because The earliest that Fred can re-apply for an agent's license is five years from the effective date of the revocation, or January 15, 2024.

Janet has been continuously licensed as an agent in Texas for the past 25 years. Her friend, Steven, is a nonresident licensee in Texas and every year completes his state's continuing education requirements. When they ask you for advice on meeting the Texas continuing education requirements, you inform them that:

Neither Steven nor Janet needs to comply with Texas's continuing education requirements. Because Janet is exempt from Texas' continuing education requirements because she has continuously held a license for at least 20 years. Steven is also exempt, provided that he has complied with his resident state's continuing education requirements.

Janet is a licensed life insurance agent in Texas and was so busy with her insurance practice that she forgot to complete all of her continuing education credits. How long is the grace period she has to make up the missing credits?

She cannot make up the missing credits. Because Generally, once the expiration date has passed for continuing education credits, a violation exists. Continuing education cannot be made up after the expiration date.

The Texas commissioner of insurance may deny a license application or discipline a license holder if it determines that the applicant has done any of the following EXCEPT:

assisted a customer in replacing an existing life insurance policy when selling her a new policy Because While there are rules describing what a producer must do if a sale involves the replacement of an existing policy, the act of replacing a policy is not illegal.

Mike is a licensed agent but forgot to renew his license this year. If his license has been expired for 30 days, what must Mike do to renew his license?

file a renewal application and pay the renewal fee plus an additional fee Because Mike's license has been expired for 90 days or less, he can renew that license by filing a renewal application and paying the renewal fee of $50 plus an additional fee of half of the renewal fee.

Agents who willfully violate a Texas insurance law may be subject to disciplinary action. Which of the following is NOT a remedy available to the insurance commissioner?

imposing a jail sentence Because While the insurance commissioner has the authority to suspend, deny, and revoke licenses, the commissioner cannot impose criminal penalties on people who violate Texas's insurance laws.

Which of the following is NOT a penalty that TDI may impose?

imprisonment for up to 5 years Because While TDI can impose a broad array of penalties based on the infraction the agent committed, imprisonment is NOT one of them.

To maintain their license, resident insurance producers in Texas must meet a continuing education (CE) requirement:

in every two-year license renewal cycle Because

Harry meant to complete his CE courses on time but was just too busy to do it. How long of an extension is available to Harry to make up the missing credits?

none