Exams / Texas Life Insurance License / Tex. Ins. Code §982.051
Tex. Ins. Code §982.051 — what it says, and how the exam tests it
This section is cited by 2 of our practice questions and is tested on 2 exams including the Texas Life Insurance License.
The text
Sec. 982.051. CERTIFICATE OF AUTHORITY REQUIRED FOR LIFE, HEALTH, OR ACCIDENT COMPANIES. A foreign insurance company may not engage in the business of insurance as a life insurance company, accident insurance company, life and accident insurance company, health and accident insurance company, or life, health, and accident insurance company in this state, except for the lending of money, without first obtaining from the department a certificate of authority that: (1) shows that the foreign insurance company has fully complied with the laws of this state; and (2) authorizes the foreign insurance company to engage in the business of insurance in this state. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
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.
- A foreign life insurance company wants to transact business in Texas. Under Tex. Ins. Code §982.051, a certificate of authority obtained from the department must show which of the following?
drill Texas Statutes and Rules Common to Life and Health Insurance → - Under Tex. Ins. Code §982.051, a foreign insurance company may engage in which activity without first obtaining a certificate of authority from the department?
drill Texas Statutes and Rules Common to Life and Health Insurance →