Sec. 4001.162. RESTRICTION ON APPOINTMENT OF TEMPORARY LICENSE HOLDERS. (a) Except as provided by Subsection (b), an agent, insurer, or health maintenance organization may not appoint more than 500 temporary license holders during a calendar year.
(b) The commissioner shall adopt reasonable rules setting standards for an agent, insurer, or health maintenance organization to appoint more than 500 temporary license holders during a calendar year. The standards must include consideration of the ability of an agent, insurer, or health maintenance organization to monitor appointed temporary agents.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.
Amended by:
Acts 2005, 79th Leg., Ch. 201 (H.B. 1201), Sec. 1, eff. May 27, 2005.
Acts 2015, 84th Leg., R.S., Ch. 1172 (S.B. 876), Sec. 2, eff. September 1, 2015.
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