Tex. Ins. Code § 4001.159

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 4001.159 - Suspension or Revocation of Temporary Appointment Powers of Agent, Insurer, or Health Maintenance Organization

(a) The department may suspend or revoke the temporary appointment powers of an agent, insurer, or health maintenance organization if, after notice and opportunity for hearing, the department determines that the agent, insurer, or health maintenance organization has abused the temporary appointment powers.

(b) In determining whether abuse has occurred, the department may consider:

(1) the number of temporary appointments made;

(2) the percentage of appointees taking the examination required for licensing as an agent, as provided by Section 4001.161; and

(3) the number of appointees who pass the examination.

Tex. Ins. Code § 4001.159

Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. 4/1/2005.