Issue Date: 2001-09-01
Revised Date: 2020-09-18

Legal Cites

Object Type

Cash — Insurance

Origin Date

1991 by H.B. 2, 72nd Leg., R.S.

Description

A person may not act as a broker or a manager (as defined in Insurance Code sec. 4152.001) for an insurer engaged in the business of insurance or reinsurance unless the person is appropriately licensed in Texas. The department shall collect a nonrefundable license fee from each reinsurance intermediary who applies for an original or renewal license. The department shall set the fees in amounts reasonable and necessary to cover the costs of the licensing program.

Due Date

Application due before acting as reinsurance intermediary. Original license valid for 2 years and may be renewed for 2-year periods. Department may adopt staggered renewal system.

Note

Deposit changed from the Local Recording Agents and Solicitors License Fund (No. 0124) by S.B. 928, 68th Leg., R.S.

Amended by S.B. 414, 77th Leg., R.S. 

Recodified by H.B. 2922, 78th Leg., R.S.

USAS Values

Appropriation Year 24
USAS Title INSURANCE AGENTS LICENSES
Receipt Category 04 – Insurance
Receipt Type 10 – Business/Professional Fees
Object Group 30 – Revenues
USAS Status A
Rev/Exp Category 01 – LICENSES, FEES, FINES, AND PENALTIES