Texas Statutes and Rules Common to Life and Health Insurance
Why does Texas single out felony convictions for a specific reporting duty by licensees?
Answer and explanation
Answer: A. Producers occupy a position of trust with premium funds and confidential information. A felony conviction, particularly one involving dishonesty, goes directly to that trustworthiness.Source: Texas Insurance Code — Tex. Ins. Code ch. 4005, fitness of licence holders
More texas statutes and rules common to life and health insurance questions
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- Under Texas law, whose money is the premium an agent collects from an applicant before the insurer receives it?
- Under Texas Penal Code § 35.02, what criminal classification applies to committing insurance fraud involving a claim of $300,000 or more?
- Under TIC § 4001.202, how often must an insurer pay appointment renewal fees for appointed agents in Texas?
- Under TIC § 4004.053, how many total Continuing Education (CE) hours must a licensed Texas life agent complete during each 2-year license term?
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