chapter 13- licensing requirements

suspended; provoked

a certificate of authority is effective until it is __ or ___

a. be at least 18 years old b. pass the state licensing examination c. have not committed an act for which a license may be denied under the insurance code d. submit the application, nonrefundable fee, and any other information required by the department

a person who wishes to obtain a license must

combined license renewal process

a person with a texas license who received a new license for a different line of insurance will be licenses in that line for less than two years, so that both come due for renewal at the dame time.

90 days

a temp license if valid for only ___

two years

an insurance license issued in texas is valid for ____

10

before denying or revoking a certificate of authority, the commissioner must give an insurer at least ____ days written notice, specifically stating the reason for the proposed action

temp license

can be obtained before a person passes the state examination for the permanent license

a licensed nonresident agent

has the same rights and privileges as a resident license holder.

certificate of authority

indicates that hte insurer has met the department's standards and is qualified to transact insurance business in texas

one

no agent may hold more than __ license of the same type currently in effect

certificate of authority

no insurer may conduct business in texas unless it has received a ____ from the department of insurance

a. solicits insurance on behalf of an insurer b. receive or transmit an application for insurance or an insurance policy to or from the insurer c. advertise that he will receive or transmit an application for insurance or insurance policy d. receive or transmit an insurance policy e. examine or inspect a risk f. receive, collect or transmit an insurance premium g. take any other action in the making or consummation of insurance h. examine, adjust, or aid in adjusting a loss for or on behalf of an insurer

texas law defines an agent as a person who is authorized to

combined license renewal

texas used a ____ process

violated an insurance law of the state of texas intentionally made a material misstatement in the license application obtained an attempted to obtain a license by fraud or misrepresentation misappropriated or illegally mishandled money belonging to an insurer, a health maintenance organization an insured, enrollee, beneficiary, engaged in fraudulent or dishonest acts or practices, been convicted of a felony obtained or attempted to obtain a license for controlled business

the department may deny a license application if the applicant has:

fingerprints

the department may deny an application for an authorization if the applicant fails to provide a complete set of ___ on request by the department

a valid texas insurance license for the type of insurance involved.

to act as an insurance agent in texas, a person must have

1. all lines 2. property 3. property and casualty 4. surety 5. workers comp

types of licenses