Texas Comptroller of Public Accounts
| Legal Citations: |
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| Revenue Type: Cash — Insurance |
| Origin Date: 1991 by H.B. 2, 72nd Leg., R.S. |
| Issue Date: 2001-09-01 |
| Revised Date: 2020-09-18 |
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.
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.
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.
| 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 |