reglab/housing_qa huggingface dataset:
TX Ins Code § 4053.107 (2021)
2021 Texas Statutes|Insurance Code|Title 13 - Regulation of Professionals|Subtitle B - Agents|Chapter 4053 - Managing General Agents|Subchapter C. Powers and Duties of Managing General Agents|Section 4053.107. Financial Examination

Sec. 4053.107.  FINANCIAL EXAMINATION.  (a)  As the commissioner considers necessary, a managing general agent shall submit to an examination of the agent's financial condition and the agent's compliance with the laws of this state affecting the conduct of the agent's business.(b)  The examination may be conducted by:(1)  the commissioner;(2)  one or more commissioned examiners;  or(3)  a certified public accountant or other person or firm qualified to perform those examinations.(c)  The managing general agent shall pay the examination expenses in an amount the commissioner certifies as just and reasonable.(d)  A person with whom another state contracts to perform any examination initiated by the other state of a managing general agent licensed under this chapter shall register with and provide the following information to the department's chief examiner:(1)  the person's name;(2)  if the person is not an individual, the identity of each examiner or other person who will perform any part of the examination;(3)  the name of the state that contracted with the person;(4)  the identity of the managing general agent to be examined;(5)  a description of each issue that the person has been contracted to examine;(6)  an estimate of the examination costs to be charged to the managing general agent to be examined;(7)  a copy of any contract between the person and the state regulatory body that initiated the examination and the letter authorizing the examination; and(8)  a list of the previous examinations conducted on the same managing general agent on behalf of any state within the last three years.(d-1)  On accepting a person's registration under Subsection (d), the department shall send written confirmation of the acceptance to:(1)  the person;(2)  the managing general agent to be examined; and(3)  the state regulatory body that initiated the examination.(e)  It is a violation of this code for a person to accept compensation from multiple states for the same examination, if doing so results in duplicative costs to the managing general agent being examined.  It is not a violation of this code for:(1)  an examiner to conduct an examination of a managing general agent for the benefit of multiple states in a coordinated examination; and(2)  the examiner to accept compensation from the states participating in the coordinated examination to reduce the examination costs to the managing general agent being examined.|Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.Amended by: Acts 2009, 81st Leg., R.S., Ch. 1030 (H.B. 4359), Sec. 3, eff. June 19, 2009.Acts 2011, 82nd Leg., R.S., Ch. 185 (S.B. 1229), Sec. 3, eff. May 28, 2011.|
TX Ins Code § 4053.108 (2021)
2021 Texas Statutes|Insurance Code|Title 13 - Regulation of Professionals|Subtitle B - Agents|Chapter 4053 - Managing General Agents|Subchapter C. Powers and Duties of Managing General Agents|Section 4053.108. Required Notices to Department

Sec. 4053.108.  REQUIRED NOTICES TO DEPARTMENT.  (a)  On forms prescribed by the department, a managing general agent shall notify the department not later than the 30th day after the date any of the following occurs:(1)  balances due to an insurer for more than 90 days exceed:(A)  $1 million;  or(B)  10 percent of the insurer's policyholder surplus, as reported in the annual statement filed with the department;(2)  balances due for more than 60 days from a property and casualty agent or managing general agent appointed by or reporting to the managing general agent exceed $500,000;(3)  authority to settle claims for an insurer is withdrawn;(4)  money held for an insurer for losses is greater than an amount that is $100,000 more than the amount necessary to pay the losses and loss adjustment expenses expected to be paid on the insurer's behalf within the next 60-day period;  or(5)  the contract required under Section 4053.102 is canceled or terminated.(b)  Notwithstanding the time limitation imposed by Subsection (a), the requirement to file under Subsections (a)(1), (2), and (4) may be met with a single annual report if:(1)  the managing general agent routinely operates above the limits established by those subsections;  and(2)  the department verifies that fact in accordance with rules adopted by the commissioner.|Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.|
TX Ins Code § 4053.109 (2021)
2021 Texas Statutes|Insurance Code|Title 13 - Regulation of Professionals|Subtitle B - Agents|Chapter 4053 - Managing General Agents|Subchapter C. Powers and Duties of Managing General Agents|Section 4053.109. Reinsurance

Sec. 4053.109.  REINSURANCE.  (a)  A managing general agent may not knowingly cede, arrange, facilitate, or bind an insurer to reinsurance.(b)  Notwithstanding Subsection (a), a managing general agent may bind a facultative reinsurance contract in accordance with an obligatory facultative agreement if the contract with the insurer contains reinsurance underwriting guidelines including, for both assumed and ceded reinsurance:(1)  a list of reinsurers with whom the automatic agreements are in effect;(2)  the coverages and amounts or percentages that may be reinsured;  and(3)  commission schedules.(c)  A managing general agent may not commit an insurer to participate in insurance or reinsurance syndicates.|Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.|
TX Ins Code § 4053.110 (2021)
2021 Texas Statutes|Insurance Code|Title 13 - Regulation of Professionals|Subtitle B - Agents|Chapter 4053 - Managing General Agents|Subchapter C. Powers and Duties of Managing General Agents|Section 4053.110. Redemption of Corporate Shares

Sec. 4053.110.  REDEMPTION OF CORPORATE SHARES.  A corporation acting as a managing general agent may redeem the shares of a shareholder or a deceased shareholder:(1)  on terms agreed on by the board of directors and the shareholder or the shareholder's personal representative;  or(2)  at a price and on terms provided in the articles of incorporation, the bylaws, or an existing contract entered into between the shareholders.|Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.|
TX Ins Code § 4053.151 (2021)
2021 Texas Statutes|Insurance Code|Title 13 - Regulation of Professionals|Subtitle B - Agents|Chapter 4053 - Managing General Agents|Subchapter D. Enforcement|Section 4053.151. Disciplinary Action

Sec. 4053.151.  DISCIPLINARY ACTION.  A person, firm, or corporation that violates this chapter or a rule or order adopted under this title, including this chapter, is subject to:(1)  Subchapters B and C, Chapter 4005;  and(2)  Chapter 82.|Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.|
TX Ins Code § 4053.152 (2021)
2021 Texas Statutes|Insurance Code|Title 13 - Regulation of Professionals|Subtitle B - Agents|Chapter 4053 - Managing General Agents|Subchapter D. Enforcement|Section 4053.152. Guaranty Fund Reimbursement

Sec. 4053.152.  GUARANTY FUND REIMBURSEMENT.  (a)  If a court finds by a final nonappealable judgment that a violation of this chapter by a managing general agent contributes materially to the insolvency of an insurer under which the agent held an appointment, the agent shall reimburse the appropriate guaranty fund for money paid to cover losses of the insolvent insurer in an amount equal to all payments made from that guaranty fund in excess of:(1)  gross earned premiums and investment income earned on those premiums;  and(2)  loss reserves for that business.(b)  The reimbursement made under this section shall be used for losses, loss adjustments, and administrative expenses on business placed by the managing general agent.|Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.|
TX Ins Code § 4054.001 (2021)
2021 Texas Statutes|Insurance Code|Title 13 - Regulation of Professionals|Subtitle B - Agents|Chapter 4054 - Life, Accident, and Health Agents|Subchapter A. General Provisions|Section 4054.001. Applicability of Chapter

Sec. 4054.001.  APPLICABILITY OF CHAPTER.  (a)  This chapter applies to each agent of an insurer authorized to provide life, accident, and health insurance coverage in this state.(b)  This chapter applies to each person who:(1)  performs the acts of an agent, as described by Section 4001.051, whether through an oral, written, electronic, or other form of communication by soliciting, negotiating, procuring, or collecting a premium on an insurance or annuity contract offered by any type of insurer authorized to engage in the business of life, accident, and health insurance in this state;  or(2)  represents or purports to represent a health maintenance organization in soliciting, negotiating, procuring, or effecting membership in the health maintenance organization.|Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.|
TX Ins Code § 4054.051 (2021)
2021 Texas Statutes|Insurance Code|Title 13 - Regulation of Professionals|Subtitle B - Agents|Chapter 4054 - Life, Accident, and Health Agents|Subchapter B. General Life, Accident, and Health License|Section 4054.051. License Required

Sec. 4054.051.  LICENSE REQUIRED.  Except as provided by Subchapter G, a person is required to hold a general life, accident, and health license if the person acts as:(1)  an agent who represents a health maintenance organization;(2)  an industrial life insurance agent for an insurer that writes only weekly premium life insurance on a debit basis under Chapter 1151;(3)  an agent who writes life, accident, and health insurance for a life insurance company;(4)  an agent who writes only accident and health insurance;(5)  an agent who writes fixed or variable annuity contracts or variable life contracts;(6)  an agent who writes for a stipulated premium company:(A)  only life insurance in excess of $25,000 on any one life;(B)  only accident and health insurance; or(C)  both kinds of insurance described by Paragraphs (A) and (B);(7)  an agent who writes life, accident, and health insurance for any type of authorized life insurance company that is domiciled in this state, including a legal reserve life insurance company, and who represents the company:(A)  in a foreign country or territory; and(B)  on a United States military installation or with United States military personnel;(8)  an agent who writes life, accident, and health insurance for a fraternal benefit society except as provided by Section 885.352; or(9)  an agent who writes any other kind of insurance as required by the commissioner for the protection of the insurance consumers of this state.|Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.Amended by: Acts 2007, 80th Leg., R.S., Ch. 548 (S.B. 1263), Sec. 2.27, eff. September 1, 2007.Acts 2009, 81st Leg., R.S., Ch. 1309 (H.B. 2570), Sec. 7, eff. September 1, 2009.|
TX Ins Code § 4054.052 (2021)
2021 Texas Statutes|Insurance Code|Title 13 - Regulation of Professionals|Subtitle B - Agents|Chapter 4054 - Life, Accident, and Health Agents|Subchapter B. General Life, Accident, and Health License|Section 4054.052. Combination Life Insurance Agent

Sec. 4054.052.  COMBINATION LIFE INSURANCE AGENT.  (a)  In this section, a "combination company" means an insurer that writes weekly premium life insurance or monthly ordinary life insurance on a debit basis.(b)  A person may not act as a combination life insurance agent for a combination company unless the person holds a general life, accident, and health license or a life agent license.(c)  A combination company and a combination life insurance agent may also write ordinary life insurance contracts.|Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.Amended by: Acts 2007, 80th Leg., R.S., Ch. 548 (S.B. 1263), Sec. 2.28, eff. September 1, 2007.|
TX Ins Code § 4054.053 (2021)
2021 Texas Statutes|Insurance Code|Title 13 - Regulation of Professionals|Subtitle B - Agents|Chapter 4054 - Life, Accident, and Health Agents|Subchapter B. General Life, Accident, and Health License|Section 4054.053. Authority to Write Additional Lines

Sec. 4054.053.  AUTHORITY TO WRITE ADDITIONAL LINES.  A person who holds a general life, accident, and health license may, without obtaining an additional license, write the kinds of insurance contracts described by:(1)  Subchapter C, D, or E;  or(2)  Chapter 4055.|Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.|
TX Ins Code § 4054.101 (2021)
2021 Texas Statutes|Insurance Code|Title 13 - Regulation of Professionals|Subtitle B - Agents|Chapter 4054 - Life, Accident, and Health Agents|Subchapter C. Limited Life, Accident, and Health License|Section 4054.101. License Required

Sec. 4054.101.  LICENSE REQUIRED.  Except as provided by Section 4054.053, an agent is required to hold a limited life, accident, and health license if the agent writes:(1)  a policy or rider to a policy that provides only:(A)  lump-sum cash benefits in the event of accidental death or dismemberment;  or(B)  ambulance expense benefits in the event of accident or sickness;(2)  a prepaid legal services contract under Article 5.13-1 or Chapter 961;(3)  credit insurance, except as otherwise provided by Chapter 4055;  or(4)  any other kind of insurance, if holding a limited life, accident, and health license to write that kind of insurance is determined necessary by the commissioner for the protection of the insurance consumers of this state.|Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.|
TX Ins Code § 4054.102 (2021)
2021 Texas Statutes|Insurance Code|Title 13 - Regulation of Professionals|Subtitle B - Agents|Chapter 4054 - Life, Accident, and Health Agents|Subchapter C. Limited Life, Accident, and Health License|Section 4054.102. Designation of Kinds of Insurance

Sec. 4054.102.  DESIGNATION OF KINDS OF INSURANCE.  A person who holds a limited life, accident, and health license may write only the kind of insurance designated on the license.|Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.|
TX Ins Code § 4054.103 (2021)
2021 Texas Statutes|Insurance Code|Title 13 - Regulation of Professionals|Subtitle B - Agents|Chapter 4054 - Life, Accident, and Health Agents|Subchapter C. Limited Life, Accident, and Health License|Section 4054.103. Temporary License

Sec. 4054.103.  TEMPORARY LICENSE.  An applicant for a limited life, accident, and health license is eligible for a temporary license under Subchapter D, Chapter 4001.|Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.|
TX Ins Code § 4054.151 (2021)
2021 Texas Statutes|Insurance Code|Title 13 - Regulation of Professionals|Subtitle B - Agents|Chapter 4054 - Life, Accident, and Health Agents|Subchapter D. Funeral Prearrangement Life Insurance License|Section 4054.151. Funeral Prearrangement Life Insurance Agent

Sec. 4054.151.  FUNERAL PREARRANGEMENT LIFE INSURANCE AGENT.  A funeral prearrangement life insurance agent is a life insurance agent who, subject to the limitations of this subchapter, writes only life insurance policies and fixed annuity contracts to secure the delivery of funeral services and merchandise under prepaid funeral contracts regulated by the Texas Department of Banking under Chapter 154, Finance Code.|Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.|
TX Ins Code § 4054.152 (2021)
2021 Texas Statutes|Insurance Code|Title 13 - Regulation of Professionals|Subtitle B - Agents|Chapter 4054 - Life, Accident, and Health Agents|Subchapter D. Funeral Prearrangement Life Insurance License|Section 4054.152. License Issuance

Sec. 4054.152.  LICENSE ISSUANCE.  The department shall issue a license to an individual applicant to act as a funeral prearrangement life insurance agent on receipt of certification from an insurer authorized to write life insurance policies and fixed annuity contracts in this state that the applicant has:(1)  completed a course of study and instruction in compliance with this subchapter;  and(2)  passed without aid a written examination administered by the insurer.|Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.|
TX Ins Code § 4054.153 (2021)
2021 Texas Statutes|Insurance Code|Title 13 - Regulation of Professionals|Subtitle B - Agents|Chapter 4054 - Life, Accident, and Health Agents|Subchapter D. Funeral Prearrangement Life Insurance License|Section 4054.153. Course

Sec. 4054.153.  COURSE.  (a)  To be eligible to receive a license under this subchapter, an applicant must complete a course of study and instruction offered by an insurer under this section on life insurance policies and fixed annuity contracts.(b)  The course of study and instruction must:(1)  be at least five hours in duration;  and(2)  include instruction on:(A)  the life insurance policies and fixed annuity contracts to be sold;  and(B)  the laws relating to funeral prearrangement.|Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.|
TX Ins Code § 4054.154 (2021)
2021 Texas Statutes|Insurance Code|Title 13 - Regulation of Professionals|Subtitle B - Agents|Chapter 4054 - Life, Accident, and Health Agents|Subchapter D. Funeral Prearrangement Life Insurance License|Section 4054.154. Examination

Sec. 4054.154.  EXAMINATION.  (a)  The commissioner shall prescribe a uniform examination for applicants that fairly tests knowledge of the information contained in the course under Section 4054.153.(b)  The department shall authorize an insurer to administer the examination as provided by this section after approval by the department of a complete outline and explanation of the course and the manner of conducting the examination.|Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.|
TX Ins Code § 4054.155 (2021)
2021 Texas Statutes|Insurance Code|Title 13 - Regulation of Professionals|Subtitle B - Agents|Chapter 4054 - Life, Accident, and Health Agents|Subchapter D. Funeral Prearrangement Life Insurance License|Section 4054.155. Investigation by Department

Sec. 4054.155.  INVESTIGATION BY DEPARTMENT.  The department may investigate as necessary the manner of instruction and the examination administered by an insurer under this subchapter.|Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.|
TX Ins Code § 4054.156 (2021)
2021 Texas Statutes|Insurance Code|Title 13 - Regulation of Professionals|Subtitle B - Agents|Chapter 4054 - Life, Accident, and Health Agents|Subchapter D. Funeral Prearrangement Life Insurance License|Section 4054.156. Withdrawal of Insurer's Authority

Sec. 4054.156.  WITHDRAWAL OF INSURER'S AUTHORITY.  The department may withdraw from an insurer the authority under this subchapter to offer instruction and administer an examination.|Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.|
TX Ins Code § 4054.157 (2021)
2021 Texas Statutes|Insurance Code|Title 13 - Regulation of Professionals|Subtitle B - Agents|Chapter 4054 - Life, Accident, and Health Agents|Subchapter D. Funeral Prearrangement Life Insurance License|Section 4054.157. Limit on Agent's Authority

Sec. 4054.157.  LIMIT ON AGENT'S AUTHORITY.  Except as provided by Section 154.2021, Finance Code, a funeral prearrangement life insurance agent licensed under this subchapter may not write any coverage or combination of coverages with an initial guaranteed death benefit on any life that exceeds the total cost of the prepaid funeral benefits purchased under the prepaid funeral contract.|Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.Amended by: Acts 2011, 82nd Leg., R.S., Ch. 615 (S.B. 579), Sec. 1, eff. September 1, 2011.|
TX Ins Code § 4054.158 (2021)
2021 Texas Statutes|Insurance Code|Title 13 - Regulation of Professionals|Subtitle B - Agents|Chapter 4054 - Life, Accident, and Health Agents|Subchapter D. Funeral Prearrangement Life Insurance License|Section 4054.158. Revocation; Notification

Sec. 4054.158.  REVOCATION;  NOTIFICATION.  (a)  A license issued under this subchapter to act as an agent for an insurer is revoked if the license holder ceases to act as an agent for the insurer.(b)  Not later than the 15th day after the date on which the license holder ceases to act as an agent for an insurer, the insurer or agent shall send written notification to the department.|Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.|
TX Ins Code § 4054.159 (2021)
2021 Texas Statutes|Insurance Code|Title 13 - Regulation of Professionals|Subtitle B - Agents|Chapter 4054 - Life, Accident, and Health Agents|Subchapter D. Funeral Prearrangement Life Insurance License|Section 4054.159. Continuing Education Exemption

Sec. 4054.159.  CONTINUING EDUCATION EXEMPTION.  (a)  Notwithstanding any other provision of this code, a funeral home employee or other person who holds a funeral prearrangement life insurance agent license and who writes only life insurance policies and fixed annuity contracts to secure the delivery of funeral services and merchandise under prepaid funeral contracts regulated by the Texas Department of Banking under Chapter 154, Finance Code, is not required to comply with any continuing education requirements to maintain the license, except that the appointing insurer must educate its appointed agents about any new products sold by the agent to fund prepaid funeral contracts.(b)  A license holder to whom this section applies may be appointed by more than one insurer.|Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.|
TX Ins Code § 4054.160 (2021)
2021 Texas Statutes|Insurance Code|Title 13 - Regulation of Professionals|Subtitle B - Agents|Chapter 4054 - Life, Accident, and Health Agents|Subchapter D. Funeral Prearrangement Life Insurance License|Section 4054.160. Applicability of Limited License Laws

Sec. 4054.160.  APPLICABILITY OF LIMITED LICENSE LAWS.  Except as specifically provided by this subchapter, the provisions of this title that apply to the holder of a limited license apply to the holder of a license issued under this subchapter.|Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.|
TX Ins Code § 4054.201 (2021)
2021 Texas Statutes|Insurance Code|Title 13 - Regulation of Professionals|Subtitle B - Agents|Chapter 4054 - Life, Accident, and Health Agents|Subchapter E. Life Insurance Not|Section 4054.201. License Issuance; Exception

Sec. 4054.201.  LICENSE ISSUANCE;  EXCEPTION.  (a)  The department shall issue a license to an individual applicant to act as an agent who writes only life insurance policies in an amount that does not exceed $25,000 on any one life on receipt of certification from a stipulated premium company, a statewide mutual assessment company, a local mutual aid association, or a local mutual burial association, that the applicant has:(1)  completed a course of study and instruction in compliance with this subchapter; and(2)  passed without aid a written examination administered by the insurer.(b)  A license is not required under this subchapter for an agent who, in the preceding calendar year, wrote policies that generated, in the aggregate, less than $20,000 in direct premium.|Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.Amended by: Acts 2009, 81st Leg., R.S., Ch. 1309 (H.B. 2570), Sec. 9, eff. September 1, 2009.|
TX Ins Code § 4054.202 (2021)
2021 Texas Statutes|Insurance Code|Title 13 - Regulation of Professionals|Subtitle B - Agents|Chapter 4054 - Life, Accident, and Health Agents|Subchapter E. Life Insurance Not|Section 4054.202. Course

Sec. 4054.202.  COURSE.  (a)  To be eligible to receive a license under this subchapter, an applicant must complete a course of study and instruction offered by an insurer under this section on life insurance and fixed annuities.(b)  The course of study and instruction must:(1)  be at least five hours in duration;  and(2)  include instruction on:(A)  the policies to be sold;  and(B)  the laws relating to the regulation of insurance in this state.|Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.|