Section 4102.055 - Issuance of License to Business Entity Organized in This State(a) The commissioner shall adopt rules necessary to issue a public insurance adjuster license to a business entity organized under the laws of this state.(b) Rules adopted by the commissioner under Subsection (a) must:(1) be analogous to the provisions of Chapter 4001 that relate to licensure of corporations and partnerships; and(2) contain qualifications for the issuance of a public insurance adjuster license analogous to the qualifications described by Section 4102.053.(c) The commissioner may not issue a public insurance adjuster license to a business entity described by Subsection (a) unless at least one officer, active partner, or other managing individual of the business entity, and each individual performing acts of a public insurance adjuster on behalf of the business entity in this state, are individually licensed by the department under Section 4102.053 separately from the business entity.Tex. Ins. Code § 4102.055
Added by Acts 2005, 79th Leg., Ch. 728, Sec. 11.082(a), eff. 9/1/2005.