State of Texas – Fiscal Management

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Revenue Object 3210 – Insurance Agents Licenses – Life Agent
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Legal Citations:
Revenue Type: Cash — Insurance
Origin Date: 2007 by S.B. 1263, 80th Leg., R.S.
Issue Date: 2007-09-01
Revised Date: 2020-09-18

Description


A person is required to hold a life agent license if the person does not hold a general life, accident and health license and acts as:

  • an agent writing coverage on human lives;
  • an industrial life insurance agent;
  • an agent writing fixed or variable annuity or life contracts;
  • an agent writing in excess of $25,000 on a life for a stipulated premium; or
  • an agent writing any other insurance for consumer protection required by the commissioner. 

The department may charge a fee for an occupational provisional permit.



Due Date


Application and fee due before operating as agent; renewal 2 years from date of issue; fee due at time of application. Department may adopt staggered renewal system.



Notes


Amended by H.B. 2570, 81st Leg., R.S.

Provisional permit fee added by H.B. 2145, 84th Leg., R.S.



USAS Values


Appropriation Year 26
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



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