Exams / Texas Property and Casualty Insurance License / Tex. Ins. Code §4056.052
Tex. Ins. Code §4056.052 — what it says, and how the exam tests it
This section is cited by 2 of our practice questions and is tested on the Texas Property and Casualty Insurance License.
The text
Sec. 4056.052. ISSUANCE OF LICENSE TO NONRESIDENT AGENT LICENSED IN OTHER STATE. (a) The department shall issue a license to an applicant under this chapter if: (1) the applicant holds a license in good standing as an agent in the applicant's state of residence; and (2) the applicant's state of residence will grant a nonresident agent license on a reciprocal basis to a resident agent of this state. (b) The department may issue a reciprocal nonresident agent license to an applicant if the authority granted by the license issued by the applicant's state of residence is generally comparable to the authority granted by a license issued by this state. (c) A license issued under this section shall be automatically suspended, canceled, or revoked if the licensee's home state suspends, cancels, or revokes the licensee's corresponding resident license. Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005. Amended by: Acts 2021, 87th Leg., R.S., Ch. 355 (H.B. 4030), Sec. 19, eff. September 1, 2021.
Public record. Read the full, current section at the official source: tcss.legis.texas.gov
How it comes up on the exam
Practice questions written from this section — answers and explanations are in the drill.
- Under Texas Insurance Code §4056.052, what conditions must be met for the department to issue a nonresident agent license to an applicant who holds a license in another state?
drill Texas Statutes and Rules Common to Property and Casualty Insurance → - Under Texas Insurance Code §4056.052, what happens to a nonresident agent's Texas license if the licensee's home state revokes the corresponding resident license?
drill Texas Statutes and Rules Common to Property and Casualty Insurance →