Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
Title 13. REGULATION OF PROFESSIONALS |
Subtitle B. AGENTS |
Chapter 4053. MANAGING GENERAL AGENTS |
Subchapter B. LICENSE REQUIREMENTS |
Sec. 4053.055. LAPSE OF LICENSE
Latest version.
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If a license holder is not appointed or under appointment to represent an insurer at the time the license is subject to renewal, the license lapses and the commissioner shall deny the renewal application.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.