Texas Statutes and Rules Common to Life and Health Insurance
Which activity constitutes transacting the business of insurance in Texas?
Answer and explanation
Answer: B. Transacting insurance includes soliciting or negotiating coverage, making an insurance contract, collecting premium, and settling claims. Doing any of these in Texas requires proper authority.Source: Texas Insurance Code — Tex. Ins. Code ch. 101, acts constituting the business of insurance in Texas
More texas statutes and rules common to life and health insurance questions
- Under TIC § 541.060, which insurer practice is classified as an unfair claim settlement practice?
- What administrative sanction can the Commissioner impose on a producer who fails to pay state child support obligations under Texas Family Code Chapter 232?
- What is an appointment in Texas insurance licensing?
- What is the essential test for deciding whether a rate distinction is unfair discrimination in Texas?
- What is the practical difference between an admitted insurer and a non-admitted insurer in Texas?
- What is the practical difference between suspension and revocation of a Texas agent 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.