Texas Statutes and Rules Common to Life and Health Insurance
A person selling fraternal benefit society certificates in Texas asks about licensing. What does Texas law generally require?
Answer and explanation
Answer: D. Fraternal societies are regulated under their own chapter but their representatives are generally subject to licensing, with narrow statutory exemptions such as certain unpaid lodge volunteers.Source: Texas Insurance Code — Tex. Ins. Code ch. 885, agents and representatives of fraternal benefit societies
More texas statutes and rules common to life and health insurance questions
- Of the 24 required CE hours for a Texas life agent, how many hours must specifically cover Ethics under 28 TAC § 19.1003?
- Several insurers writing in Texas agree among themselves that none will do business with an agency that also represents a new competitor. What does this describe?
- TDI investigates a complaint and believes a producer's sales presentation violated Chapter 541. What should happen before a final cease-and-desist order is based on that charge?
- TDI is examining whether a life insurer's Texas practices match its filed procedures. Which item is most appropriate for the examiner to review?
- The Commissioner has reason to believe an insurer used an unfair method of competition. What procedural step normally protects the insurer before an order is entered?
- Two insurers agree to intimidate agencies into refusing business with a competitor, tending to unreasonably restrain the insurance market. Which Texas prohibition most directly applies?
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