Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
Title 13. REGULATION OF PROFESSIONALS |
Subtitle C. ADJUSTERS |
Chapter 4102. PUBLIC INSURANCE ADJUSTERS |
Subchapter B. LICENSE REQUIREMENTS |
Sec. 4102.055. ISSUANCE OF LICENSE TO BUSINESS ENTITY ORGANIZED IN THIS STATE
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(a) The commissioner shall adopt rules necessary to issue a public insurance adjuster license to a business entity organized under the laws of this state.
(b) Rules adopted by the commissioner under Subsection (a) must:
(1) be analogous to the provisions of Chapter 4001 that relate to licensure of corporations and partnerships; and
(2) contain qualifications for the issuance of a public insurance adjuster license analogous to the qualifications described by Section 4102.053.
(c) The commissioner may not issue a public insurance adjuster license to a business entity described by Subsection (a) unless at least one officer, active partner, or other managing individual of the business entity, and each individual performing acts of a public insurance adjuster on behalf of the business entity in this state, are individually licensed by the department under Section 4102.053 separately from the business entity.