Texas Statutes and Rules Common to Life and Health Insurance
A Texas licensee fails to report an out-of-state administrative action, and TDI later discovers it. What exposure does the licensee face?
Answer and explanation
Answer: D. The reporting duty is independent. Concealing a reportable action is itself a violation and is often treated as an aggravating factor showing lack of candour with the regulator.Source: Texas Insurance Code — Tex. Ins. Code ch. 4005, failure to comply with reporting duties
More texas statutes and rules common to life and health insurance questions
- An applicant's Texas agent licence application is denied. What recourse does the applicant have?
- An individual holds an active home-state life-agent license in good standing with the required authority. Which Texas license should the individual apply for to act as a life agent in Texas while remaining a resident of the home state?
- An insurance company is incorporated under the laws of the State of Texas. From the Texas point of view, how is it classified?
- An insurer refuses to respond to a lawful TDI directive about its Texas insurance business. Which Commissioner power is most directly involved?
- An insurer violates a claim-settlement cease-and-desist order and refuses to correct the practice. Which Commissioner response is authorized under the claim-settlement enforcement statute?
- An insurer's certificate of authority is revoked, and it continues to accept premiums from Texas consumers. How are the policies it already issued treated?
590 Texas questions like this one.
Every answer explained, the ones you miss come back on a spaced schedule, and a plan built from your exam date.