§ 4055.012 — TRAINING REQUIRED TO ACT ON BEHALF OF SPECIALTY LICENSE HOLDER.

Texas § 4055.012

• Jurisdiction: Texas
• Code IN: Insurance Code

Text

Sec. 4055.012. TRAINING REQUIRED TO ACT ON BEHALF OF SPECIALTY LICENSE HOLDER. (a) A specialty license holder may not allow an individual to act on the license holder's behalf with respect to a kind of insurance that the license holder is authorized to offer unless the individual has completed an approved training program.
(b) The materials for the training program must be provided to the specialty license holder by an insurer that writes the kind of insurance authorized under the specialty license.
(c) An insurer that provides training program materials under Subsection (b) must submit the training program to the commissioner for approval before the training program is used.
(d) The training program must meet the following minimum standards:
(1) each trainee must receive basic instruction about the kinds of insurance the specialty license holder is authorized to offer for purchase by prospective consumers;
(2) each trainee must be instructed to inform a prospective consumer that, except as may be specifically provided by another law of this state or the United States, the purchase of the kind of insurance offered is not required to complete the associated consumer transaction; and
(3) each trainee must be instructed with respect to the disclosures required to be made to consumers.

Legislative History

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