LC 5 ( 5 of 8 ) Types of Licenses temporary

One

An agent license can be issued to an individual who is appointed by at least ________ insurance company admitted or authorized to transact insurance in Texas.

same type

only one license of the ___________ type is permitted for one agent. No agent may hold more than one license of the same type currently in effect.

corporartion

An agent license may be issued to a ________________ or partnership if it has been admitted to transact insurance in this state, and has submitted the application and paid all the required fees.

one

An agent license issued to a corporation or partnership, 4 requirements must be met (1 of 4) At least _______ officer of the corporation or one active partner of the partnership is individually licensed _separately from the corporation or partnership;

disciplinary

An agent license issued to a corporation or partnership, 4 requirements must be met (2 of 4) An officer not had a license suspended or revoked or been the subject of any other ___________________ action by a financial or insurance regulator of any state in the United States, or committed an act for which a license may be denied;

25K

An agent license issued to a corporation or partnership, 4 requirements must be met (3 of 4) The corporation or partnership has the ability to pay any amount up to $_______on a claim or compensation for a negligent act, error, or omission;

separately

An agent license issued to a corporation or partnership, 4 requirements must be met (4 of 4) Each location from which the corporation or partnership will engage in business in this state is registered ______________ with the Department.

non resident

A _____________ agent is one who resides or is domiciled in a state other than Texas.

reciprocal

The Commissioner can enter into __________________ agreements with officials of the other states to waive the exam requirements for a non resident license under certain conditions.

written

The Commissioner can enter into reciprocal agreements with officials of the other states to waive the exam requirements for a non resident license under these 3 conditions;(1 of 3) The other state has a _______________ exam

prior

The Commissioner can enter into reciprocal agreements with officials of the other states to waive the exam requirements for a non resident license under these 3 conditions; ( 2 of 3) an official certifies the applicant holds a license or held a license __________ to examinations being required.

place

The Commissioner can enter into reciprocal agreements with officials of the other states to waive the exam requirements for a non resident license under these 3 conditions; ( 3 of 3) The agent has no __________ of business within Texas as an insurance agent

resident

If the state line runs through a town, agents who live in the adjoining state may be licensed as ________________ agents in Texas if they maintain their business office in Texas.

counselor

If a person is license to give insurance advise for a fee is called an insurance _______________

90 days

The commissioner may issue a temporary life insurance agent's license effective for _____ days without a written examination.

40

To receive a temporary license the applicant must complete ______ hours pre license course before applying

industrial

You can also receive a temporary license if within 14 days after applying for the license, to the 2 people ( 1 of 2 ) who wants to collect premiums on _____________ life insurance contracts.

full

You can also receive a temporary license if within 14 days after applying for the license, to the 2 people ( 2 of 2 ) Anyone who the insurer is considering for appointment as a ___________ time agent.

renewable

Temporary licenses are not ___________________ and cannot be issued more than once in any 6-month period to the same applicant.

6 month

Temporary licenses are not renewable and cannot be issued more than once in any _____ month period to the same applicant.

replaces

Temporary licensees cannot sell insurance that _________________ an existing individual life insurance policy or annuity contract that is in force.

commissions

A temporary license holder cannot receive commissions from a sale made to a family member or an employment or business associate.

accident and health

Temporary licensees limitation does not apply to temporary agents who write _______________ and ____________ policies.