Section 4102.056 - Issuance of License to Business Entity Not 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 another state or the United States.(b) Rules adopted by the commissioner under Subsection (a) must: (1) be analogous to the provisions of Chapter 4001 that relate to issuance of licenses to business entities; and(2) contain: (A) qualifications for the issuance of a public insurance adjuster license analogous to the qualifications described by Section 4102.054; and(B) requirements for the performance of the duties and powers of a public insurance adjuster analogous to the requirements described by Section 4102.054.(c) The department 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 4102.054 separately from the business entity.Tex. Ins. Code § 4102.056
Added by Acts 2005, 79th Leg., Ch. 728, Sec. 11.082(a), eff. 9/1/2005.