Texas Statutes and Rules Common to Life and Health Insurance
What may the Texas Commissioner of Insurance do after receiving a report of an agent's felony conviction?
Answer and explanation
Answer: C. A felony conviction is evidence bearing on fitness to hold a licence. It supports disciplinary action, which still proceeds through the ordinary notice and hearing process.Source: Texas Insurance Code — Tex. Ins. Code ch. 4005, convictions as grounds for disciplinary action
More texas statutes and rules common to life and health insurance questions
- A Texas insurer has a clear liability on a life claim but refuses to settle until the beneficiary hires a lawyer and sues. Which unfair practice is this?
- A Texas insurer routinely offers beneficiaries substantially less than the policy face amount, hoping some will accept. What does this practice violate?
- A Texas licensee fails to report an out-of-state administrative action, and TDI later discovers it. What exposure does the licensee face?
- A Texas life agent changes their legal name after marriage. What documentation does TDI’s FIN533 name-change form require?
- A Texas life agent completes 24 hours of continuing education but none of it addresses ethics. What is the result?
- A Texas life agent has not completed required CE and has no applicable exemption or extension. What must happen before TDI will renew the license?
590 Texas questions like this one.
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