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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) The department shall issue a license to an applicant under this chapter if:
(1) the applicant holds a license in good standing as an agent in the applicant's state of residence; and
(2) the applicant's state of residence will grant a nonresident agent license on a reciprocal basis to a resident agent of this state.
(b) The department may issue a reciprocal nonresident agent license to an applicant if the authority granted by the license issued by the applicant's state of residence is generally comparable to the authority granted by a license issued by this state.
(c) A license issued under this section shall be automatically suspended, canceled, or revoked if the licensee's home state suspends, cancels, or revokes the licensee's corresponding resident license.
Cite this article: FindLaw.com - Texas Insurance Code - INS § 4056.052. Issuance of License to Nonresident Agent Licensed in Other State - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-4056-052/
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.
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