LC 5 ( 5 of 8 ) Types of Licenses temporary

reciprocal

The Commissioner can enter into __________________ agreements with officials of the other states to waive the exam requirements for a non resident license under certain conditions.

prior

The Commissioner can enter into reciprocal agreements with officials of the other states to waive the exam requirements for a non resident license under these 3 conditions; ( 2 of 3) an official certifies the applicant holds a license or held a license __________ to examinations being required.

place

The Commissioner can enter into reciprocal agreements with officials of the other states to waive the exam requirements for a non resident license under these 3 conditions; ( 3 of 3) The agent has no __________ of business within Texas as an insurance agent

written

The Commissioner can enter into reciprocal agreements with officials of the other states to waive the exam requirements for a non resident license under these 3 conditions;(1 of 3) The other state has a _______________ exam

same type

only one license of the ___________ type is permitted for one agent. No agent may hold more than one license of the same type currently in effect.

6 month

Temporary licenses are not renewable and cannot be issued more than once in any _____ month period to the same applicant.

non resident

A _____________ agent is one who resides or is domiciled in a state other than Texas.

commissions

A temporary license holder cannot receive commissions from a sale made to a family member or an employment or business associate.

One

An agent license can be issued to an individual who is appointed by at least ________ insurance company admitted or authorized to transact insurance in Texas.

one

An agent license issued to a corporation or partnership, 4 requirements must be met (1 of 4) At least _______ officer of the corporation or one active partner of the partnership is individually licensed _separately from the corporation or partnership;

disciplinary

An agent license issued to a corporation or partnership, 4 requirements must be met (2 of 4) An officer not had a license suspended or revoked or been the subject of any other ___________________ action by a financial or insurance regulator of any state in the United States, or committed an act for which a license may be denied;

25K

An agent license issued to a corporation or partnership, 4 requirements must be met (3 of 4) The corporation or partnership has the ability to pay any amount up to $_______on a claim or compensation for a negligent act, error, or omission;

separately

An agent license issued to a corporation or partnership, 4 requirements must be met (4 of 4) Each location from which the corporation or partnership will engage in business in this state is registered ______________ with the Department.

corporartion

An agent license may be issued to a ________________ or partnership if it has been admitted to transact insurance in this state, and has submitted the application and paid all the required fees.

counselor

If a person is license to give insurance advise for a fee is called an insurance _______________

resident

If the state line runs through a town, agents who live in the adjoining state may be licensed as ________________ agents in Texas if they maintain their business office in Texas.

renewable

Temporary licenses are not ___________________ and cannot be issued more than once in any 6-month period to the same applicant.

replaces

Temporary licensees cannot sell insurance that _________________ an existing individual life insurance policy or annuity contract that is in force.

accident and health

Temporary licensees limitation does not apply to temporary agents who write _______________ and ____________ policies.

90 days

The commissioner may issue a temporary life insurance agent's license effective for _____ days without a written examination.

40

To receive a temporary license the applicant must complete ______ hours pre license course before applying

industrial

You can also receive a temporary license if within 14 days after applying for the license, to the 2 people ( 1 of 2 ) who wants to collect premiums on _____________ life insurance contracts.

full

You can also receive a temporary license if within 14 days after applying for the license, to the 2 people ( 2 of 2 ) Anyone who the insurer is considering for appointment as a ___________ time agent.