TX General Lines - Property and Casualty (Law and
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Regulations) Exam with verified solutions || || || ||
Licensing Purpose - ✔✔For the protection of the public of this state.
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Individuals must satisfy the following to be eligible to get a license: - ✔✔-18 years of age or
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older
-Resident of state || ||
-Passed exam and pay fees || || || ||
-Filed application and submitted a fingerprint card
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-Not license for the purpose of selling to themselves, family, or employees
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Refuse to issue any license if: - ✔✔-Material misrepresentation or fraud in application
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-Record of dishonesty or misappropriation of customer funds
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-Is incompetent or lacks moral turpitude
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-Record of suspension or revocation in other jurisdiction
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-Convicted of felony || ||
Types of licenses: - ✔✔-Agent
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-Adjuster
-Surplus Lines Broker || ||
-Managing General Agent || ||
-Non-resident Agent ||
-Temporary
-Conditional
, Agent - ✔✔An individual or business entity authorized by and insurer to solicit
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applications or to negotiate insurance on its behalf. || || || || || || ||
Agents represent - ✔✔the insurer, not the insured
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Adjuster - ✔✔Any person who adjusts, investigates or negotiates settlement of claims
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arising under insurance contracts on behalf of the insurer or the insured.
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To be licensed as an adjuster: - ✔✔-Must be at least 18 years old
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-Pass Texas Adjuster's examination
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Surplus Lines Broker - ✔✔Any person who, as independent contractor, procures insurance
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on behalf of clients wth Surplus Lines insurers such as Lloyds of London.
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To obtain Surplus Lines Broker license: - ✔✔-First hold a Property and Casualty Agent
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license
Managing General Agent - ✔✔A full time person who is responsible for recruiting and
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training a local insurance sales staff for either a L&H or P&C
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Non-resident Agent - ✔✔Who do not have either a principal residence or place of business
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here. Can only have one.
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Temporary License - ✔✔Commissioner may issue a temporary resident agents license
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without examination. ||
|| || || || || || || || ||
Regulations) Exam with verified solutions || || || ||
Licensing Purpose - ✔✔For the protection of the public of this state.
|| || || || || || || || || || ||
Individuals must satisfy the following to be eligible to get a license: - ✔✔-18 years of age or
|| || || || || || || || || || || || || || || || || ||
older
-Resident of state || ||
-Passed exam and pay fees || || || ||
-Filed application and submitted a fingerprint card
|| || || || || ||
-Not license for the purpose of selling to themselves, family, or employees
|| || || || || || || || || || ||
Refuse to issue any license if: - ✔✔-Material misrepresentation or fraud in application
|| || || || || || || || || || || ||
-Record of dishonesty or misappropriation of customer funds
|| || || || || || ||
-Is incompetent or lacks moral turpitude
|| || || || ||
-Record of suspension or revocation in other jurisdiction
|| || || || || || ||
-Convicted of felony || ||
Types of licenses: - ✔✔-Agent
|| || || ||
-Adjuster
-Surplus Lines Broker || ||
-Managing General Agent || ||
-Non-resident Agent ||
-Temporary
-Conditional
, Agent - ✔✔An individual or business entity authorized by and insurer to solicit
|| || || || || || || || || || || || ||
applications or to negotiate insurance on its behalf. || || || || || || ||
Agents represent - ✔✔the insurer, not the insured
|| || || || || || ||
Adjuster - ✔✔Any person who adjusts, investigates or negotiates settlement of claims
|| || || || || || || || || || || ||
arising under insurance contracts on behalf of the insurer or the insured.
|| || || || || || || || || || ||
To be licensed as an adjuster: - ✔✔-Must be at least 18 years old
|| || || || || || || || || || || || ||
-Pass Texas Adjuster's examination
|| || ||
Surplus Lines Broker - ✔✔Any person who, as independent contractor, procures insurance
|| || || || || || || || || || || ||
on behalf of clients wth Surplus Lines insurers such as Lloyds of London.
|| || || || || || || || || || || ||
To obtain Surplus Lines Broker license: - ✔✔-First hold a Property and Casualty Agent
|| || || || || || || || || || || || || ||
license
Managing General Agent - ✔✔A full time person who is responsible for recruiting and
|| || || || || || || || || || || || || ||
training a local insurance sales staff for either a L&H or P&C
|| || || || || || || || || || ||
Non-resident Agent - ✔✔Who do not have either a principal residence or place of business
|| || || || || || || || || || || || || || ||
here. Can only have one.
|| || || ||
Temporary License - ✔✔Commissioner may issue a temporary resident agents license
|| || || || || || || || || || ||
without examination. ||
