Texas Administrative Code
Title 28 - INSURANCE
Part 1 - TEXAS DEPARTMENT OF INSURANCE
Chapter 19 - LICENSING AND REGULATION OF INSURANCE PROFESSIONALS
Subchapter T - SPECIALTY INSURANCE LICENSE
Section 19.1903 - Qualifications

Universal Citation: 28 TX Admin Code § 19.1903

Current through Reg. 50, No. 13; March 28, 2025

(a) An individual may qualify for a specialty license if the individual:

(1) is at least 18 years of age;

(2) has not committed an act for which a license may be denied under the Insurance Code or insurance regulations of this state or any other state; and

(3) satisfies the requirements of subsection (c) of this section.

(b) A corporation, partnership or depository institution may qualify for a specialty license if the entity:

(1) is organized under federal law or the laws of this or any other state or territory of the United States;

(2) is admitted to conduct business in this state by the secretary of state, if so required;

(3) provides a current franchise tax certificate from the Texas state comptroller's office;

(4) provides the name, address, date of birth and social security number of all officers, directors, members, managers, partners or any other person who has the right or ability to control the specialty license holder; and

(5) satisfies the requirements of subsection (c) of this section.

(1) submit a properly completed license application to the department;

(2) obtain a company appointment and certification from an insurance company authorized by the department to write the specific type of insurance in this state which the person requests authority to solicit under Article 21.09;

(3) remit all required license fees. All such fees are nonrefundable;

(4) be actively engaged in a finance or retail business at each location where insurance sales will be conducted under the specialty license with the primary purpose of providing goods or services other than insurance to customers in this state; and

(5) solicit and deliver the specialty insurance product authorized under Article 21.09 only in connection with an associated consumer transaction.

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