Texas Insurance Code 4054.152 – License Issuance
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Texas Insurance Code 4054.152
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
- Written: includes any representation of words, letters, symbols, or figures. See Texas Government Code 311.005
The department shall issue a license to an individual applicant to act as a funeral prearrangement life insurance agent on receipt of certification from an insurer authorized to write life insurance policies and fixed annuity contracts in this state 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.