Texas Statutes and Rules Common to Life and Health Insurance
Why does Texas restrict who may receive an insurance commission?
Answer and explanation
Answer: A. Restricting commissions to licensees closes the obvious route around licensing: if an unlicensed person could be paid for producing sales, the competence and accountability requirements would be meaningless.Source: Texas Insurance Code — Tex. Ins. Code ch. 4005, purpose of the commission restrictions
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- When does Texas life-insurance advertising prohibit terms such as savings, investment, or profit-sharing?
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