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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) The commissioner shall adopt rules necessary to issue a public insurance adjuster license to a business entity organized under the laws of this state.
(b) Rules adopted by the commissioner under Subsection (a) must:
(1) be analogous to the provisions of Chapter 4001 that relate to licensure of corporations and partnerships; and
(2) contain qualifications for the issuance of a public insurance adjuster license analogous to the qualifications described by Section 4102.053.
(c) The commissioner may not issue a public insurance adjuster license to a business entity described by Subsection (a) unless at least one officer, active partner, or other managing individual of the business entity, and each individual performing acts of a public insurance adjuster on behalf of the business entity in this state, are individually licensed by the department under Section 4102.053 separately from the business entity.
Cite this article: FindLaw.com - Texas Insurance Code - INS § 4102.055. Issuance of License to Business Entity Organized in this State - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-4102-055/
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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