Texas Statutes and Rules Common to Life and Health Insurance
What is the practical difference between an admitted insurer and a non-admitted insurer in Texas?
Answer and explanation
Answer: C. Admitted and non-admitted describe authorisation, not domicile. Foreign, domestic, and alien insurers can all be admitted if TDI issues them a certificate of authority.Source: Texas Department of Insurance — TDI company licensing: admitted and non-admitted insurers
More texas statutes and rules common to life and health insurance questions
- An agent repeatedly violates Texas insurance law after prior regulatory warning. Which action fits the Commissioner's disciplinary powers?
- An agent runs an advertisement emphasizing guaranteed dividend returns on whole life policies. How is this ad classified under 28 TAC § 21.108?
- An annuity advertisement uses a testimonial from a customer who is not a spokesperson. What must the testimonial reflect?
- 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?
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