28 Tex. Admin. Code § 19.804 - Application for a New Entity License

(a) An entity applicant for new license must submit a completed original application to TDI.

(b) A licensed individual officer or active partner, required for an entity license, must hold the same or greater license authority as the entity, based on lines the agent and entity are authorized to write. For example:

(1) a county mutual agent may only be the agent for a county mutual insurance entity license holder; and

(2) a general lines property and casualty agent may be the agent for a county mutual insurance entity license holder, or any other type of property and casualty insurance entity license holder.

(c) Each person acting on behalf of the licensed entity:

(1) may act for the entity only within the authority of the entity's license;

(2) must be appointed directly by an insurer or as a subagent as provided in § 19.801(c) of this title; and

(3) must hold a license authority qualifying that person to act that is separate from the entity's licensed authority. The agent may not exceed the agent's licensed authority even if the entity license holder has a greater license authority.

Notes

28 Tex. Admin. Code § 19.804

Adopted by Texas Register, Volume 43, Number 21, May 25, 2018, TexReg 3374, eff. 5/31/2018