Section 4054.201 - License Issuance; Exception(a) The department shall issue a license to an individual applicant to act as an agent who writes only life insurance policies in an amount that does not exceed $25,000 on any one life on receipt of certification from a stipulated premium company, a statewide mutual assessment company, a local mutual aid association, or a local mutual burial association, that the applicant has: (1) completed a course of study and instruction in compliance with this subchapter; and(2) passed without aid a written examination administered by the insurer.(b) A license is not required under this subchapter for an agent who, in the preceding calendar year, wrote policies that generated, in the aggregate, less than $20,000 in direct premium.Tex. Ins. Code § 4054.201
Amended By Acts 2009, 81st Leg., R.S., Ch. 1309, Sec. 9, eff. 9/1/2009.Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. 4/1/2005.