Texas Statutes and Rules Common to Life and Health Insurance
An out-of-state company with no Texas certificate of authority mails life insurance solicitations to Texas residents and collects premiums. How does Texas law treat this?
Answer and explanation
Answer: A. Soliciting Texas residents and collecting their premiums is transacting insurance in Texas. Doing so without a certificate of authority is the unauthorised business of insurance and submits the company to Texas jurisdiction and enforcement.Source: Texas Insurance Code — Tex. Ins. Code ch. 101, unauthorized insurance and jurisdiction over unauthorized insurers
More texas statutes and rules common to life and health insurance questions
- What type of license permits an individual to represent insurance buyers as an independent consultant charging fee-based insurance advice in Texas?
- When an agent uses an assumed name (DBA) for insurance business in Texas, what registration requirement must be satisfied under TIC § 4001.106?
- When does Texas life-insurance advertising prohibit terms such as savings, investment, or profit-sharing?
- When setting an administrative penalty, which factor is most consistent with Texas penalty provisions?
- Which activity constitutes transacting the business of insurance in Texas?
- Which conduct is a clear statutory ground for revoking a Texas agent's licence?
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.