Sec. 4001.159. SUSPENSION OR REVOCATION OF TEMPORARY APPOINTMENT POWERS OF AGENT, INSURER, OR HEALTH MAINTENANCE ORGANIZATION. (a) The department may suspend or revoke the temporary appointment powers of an agent, insurer, or health maintenance organization if, after notice and opportunity for hearing, the department determines that the agent, insurer, or health maintenance organization has abused the temporary appointment powers.
(b) In determining whether abuse has occurred, the department may consider:
(1) the number of temporary appointments made;
(2) the percentage of appointees taking the examination required for licensing as an agent, as provided by Section 4001.161; and
(3) the number of appointees who pass the examination.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.
Structure Texas Statutes
Title 13 - Regulation of Professionals
Subtitle A - General Provisions
Chapter 4001 - Agent Licensing in General
Subchapter D. Temporary License
Section 4001.151. Authority to Issue Temporary License
Section 4001.152. Examination Not Required
Section 4001.153. Application for and Issuance of Temporary License
Section 4001.154. Authority to Act as Agent Pending Receipt of Temporary License
Section 4001.155. Term of Temporary License
Section 4001.156. Restriction on Issuance or Renewal of Temporary License
Section 4001.157. Obtaining Certain Commissions Prohibited
Section 4001.158. Replacement of Existing Life Insurance or Annuity Contract Prohibited
Section 4001.160. Training of Applicant for Temporary License
Section 4001.161. Duty to Ensure That Applicants Take Licensing Examination
Section 4001.162. Restriction on Appointment of Temporary License Holders