Texas Statutes and Rules Common to Life and Health Insurance
Why does Texas exempt certain salaried employees of an insurer from the agent licensing requirement?
Answer and explanation
Answer: A. The licensing requirement targets the point of sale, where consumers rely on the producer's competence. Employees who neither sell nor earn sales-based pay are not at that point.Source: Texas Insurance Code — Tex. Ins. Code ch. 4001, scope of the licensing requirement
More texas statutes and rules common to life and health insurance questions
- Under Texas Insurance Code Chapter 31, how is the Texas Commissioner of Insurance appointed?
- Under Texas Insurance Code Chapter 704, what constitutes a fraudulent insurance act?
- Under Texas law, does it matter whether an agent's derogatory statement about a competitor was spoken rather than printed?
- Under Texas law, to whom may a fraternal benefit society issue life insurance certificates?
- Under Texas law, what element distinguishes unlawful boycott or coercion from ordinary hard bargaining between an insurer and an agency?
- Under Texas law, what must ordinarily occur before the Commissioner enters a final order revoking a producer'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.