Texas Statutes and Rules Common to Life and Health Insurance
An insurance company is incorporated under the laws of the State of Texas. From the Texas point of view, how is it classified?
Answer and explanation
Answer: A. Classification depends on the place of organisation. An insurer chartered in Texas is domestic in Texas, whatever other states it operates in.Source: Texas Insurance Code — Tex. Ins. Code ch. 801, organization of insurers and definitions
More texas statutes and rules common to life and health insurance questions
- 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?
- Under 28 TAC § 19.1011, what grace period is granted to an agent to complete missing CE hours after license expiration by paying an additional fine?
- Under 28 TAC § 21.113, what restriction applies to using statistics or historical investment performance figures in life policy marketing?
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