Learn About The Law
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Current as of January 01, 2024 | Updated by Findlaw Staff
(a) An individual licensed as an agent shall notify the department on a monthly basis of:
(1) a change of the license holder's mailing address;
(2) a felony conviction of the license holder; or
(3) an administrative action taken against the license holder by a financial or insurance regulator of this state, another state, or the United States.
(b) A corporation or partnership licensed as an agent under this title shall file under oath, on a form developed by the department, biographical information for:
(1) each executive officer, director, or unlicensed partner who administers the entity's operations in this state;
(2) each shareholder who is in control of the corporation or partner who has the right or ability to control the partnership; and
(3) if the corporation or partnership is owned, in whole or in part, by another entity, each individual who is in control of the parent entity.
(c) A corporation or partnership shall notify the department not later than the 30th day after the date of:
(1) a felony conviction of a licensed agent of the entity or an individual associated with the entity who is required to file biographical information with the department;
(2) an event for which notification would be required under Section 81.003; or
(3) the addition or removal of an officer, director, partner, member, or manager.
Cite this article: FindLaw.com - Texas Insurance Code - INS § 4001.252. Notification to Department of Certain Information - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-4001-252/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Search our directory by legal issue
Enter information in one or both fields (Required)