Texas Statutes and Rules Common to Life and Health Insurance
A life insurance company wants to begin writing business in Texas. What must it obtain from the Texas Department of Insurance first?
Answer and explanation
Answer: D. An insurer must hold a certificate of authority issued by TDI before transacting insurance in Texas. The certificate states the lines the insurer is authorised to write.Source: Texas Department of Insurance — TDI company licensing: certificate of authority to transact insurance in Texas
More texas statutes and rules common to life and health insurance questions
- Under Texas law, whose money is the premium an agent collects from an applicant before the insurer receives it?
- Under Texas Penal Code § 35.02, what criminal classification applies to committing insurance fraud involving a claim of $300,000 or more?
- Under TIC § 4001.202, how often must an insurer pay appointment renewal fees for appointed agents in Texas?
- Under TIC § 4004.053, how many total Continuing Education (CE) hours must a licensed Texas life agent complete during each 2-year license term?
- Under TIC § 4005.101, what emergency power allows the Commissioner to suspend a producer's license without prior hearing if public health or safety is endangered?
- Under TIC § 463.251, what maximum benefit limit applies to net cash surrender or cash withdrawal values for a life insurance policy?
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