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Texas Insurance Code - INS § 4001.101. License Or Certificate Of Authority Required;  Designated Product Certificate

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) Unless the person holds a license or certificate of authority issued by the department and, if required by rules adopted under Chapter 4008, a certificate to sell a designated product or product line, a person may not:

(1) solicit or receive an application for insurance in this state;  or

(2) aid in the transaction of the business of an insurer.

(b) A person may not act as an agent of a health maintenance organization or other type of insurer authorized to engage in business in this state unless the person holds:

(1) a license issued by the department as provided by this title;  and

(2) if required by rules adopted under Chapter 4008, a certificate to sell a designated product or product line.

(c) An insurer described by Subsection (b) may not appoint a person to act as its agent unless the person holds:

(1) a license under this title;  and

(2) if required by rules adopted under Chapter 4008, a certificate to sell a designated product or product line.

(d) This subchapter does not permit an employee or agent of a corporation or partnership to perform an act of an agent under this title without obtaining:

(1) a license;  and

(2) if required by rules adopted under Chapter 4008, a certificate to sell a designated product or product line.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 4001.101. License Or Certificate Of Authority Required;  Designated Product Certificate - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-4001-101/

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