Texas Insurance Code 4054.153 – Course
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(a) To be eligible to receive a license under this subchapter, an applicant must complete a course of study and instruction offered by an insurer under this section on life insurance policies and fixed annuity contracts.
(b) The course of study and instruction must:
(1) be at least five hours in duration; and
(2) include instruction on:
(A) the life insurance policies and fixed annuity contracts to be sold; and
(B) the laws relating to funeral prearrangement.
Terms Used In Texas Insurance Code 4054.153
- 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.