Texas Statutes and Rules Common to Life and Health Insurance
What is the practical difference between suspension and revocation of a Texas agent licence?
Answer and explanation
Answer: A. A suspended licence is inactive for the period of the order and then may be restored. A revoked licence ceases to exist, and the former holder must reapply subject to statutory waiting periods.Source: Texas Insurance Code — Tex. Ins. Code ch. 4005, sanctions available to the Commissioner
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