Section 4054.301 - License Required(a) Except as provided by Subsection (b), a person is required to hold a life agent license if the person does not hold a general life, accident, and health license under Subchapter B and the person acts as:(1) an agent who writes insurance coverage on human lives, including endowment benefits and annuities, benefits in the event of death or dismemberment by accident, and benefits for disability income;(2) an industrial life insurance agent for an insurer that writes only weekly premium life insurance on a debit basis under Chapter 1151;(3) an agent who writes fixed or variable annuity contracts or variable life contracts;(4) an agent who writes for a stipulated premium company only life insurance in excess of $25,000 on any one life; or(5) an agent who writes any other kind of insurance as required by the commissioner for the protection of the insurance consumers of this state.(b) A person who holds a limited license under Subchapter C and who engages in the business of insurance only within the scope of that license is not required to hold a life agent license. A person who holds a life agent license may write the insurance described by that subchapter.(c) A person who holds a funeral prearrangement life insurance license under Subchapter D and who engages in the business of insurance only within the scope of that license is not required to hold a life agent license. A person who holds a life agent license may write the insurance described by that subchapter.(d) A person who holds a license to write life insurance not exceeding $25,000 under Subchapter E and who engages in the business of insurance only within the scope of that license is not required to hold a life agent license. A person who holds a life agent license may write the insurance described by that subchapter.(e) This subchapter does not apply to a person who holds a specialty license under Chapter 4055 and who engages in the business of insurance only within the scope of the specialty license.Tex. Ins. Code § 4054.301
Amended By Acts 2009, 81st Leg., R.S., Ch. 1309, Sec. 11, eff. 9/1/2009.Added by Acts 2007, 80th Leg., R.S., Ch. 548, Sec. 1.02, eff. 9/1/2007.