Exam (elaborations)
TEXAS LIFE AND HEALTH INSURANCE QUESTIONS AND ANSWERS
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TEXAS LIFE AND HEALTH INSURANCE QUESTIONS AND ANSWERS
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TEXAS LIFE AND HEALTH INSURANCEQUESTIONS AND ANSWERS
Commissioner of insurance - answer-the governor appoints the commissioner for a two-
year term ending on February 1 of each odd-numbered year. The appointment is
subject to the advice and consent of the state senate. The commissioner must be a
competent and experienced administrator, be well informed about insurance and
insurance regulation, and have at least five years' experience as an executive in the
administration of business or government, or
As a practicing attorney or certified public accountant. The commissioner must provide
a $50,000 surety bond
Commissioner of insurance- general powers and duties - answer-the commissioner
administers, enforces, and carries
Out the provisions of the texas insurance code (the state's insurance laws) and other
applicable laws, including the calculation of insurance reserves
Commissioner of insurance- general powers and duties
electronic transfers - answer-the commissioner regulates the electronic transfer of any
fee, guaranteed fund, or other money owed to or held for the state
Commissioner of insurance- general powers and duties
reinsurance reserves for certain insurers - answer-the department of insurance will
compute the reinsurance reserve for all unexpired risks of every insurer (other than life
insurance companies) doing business in texas
Commissioner of insurance- general powers and duties
status of complaints - answer-if the department of insurance receives a written
complaint filed against an insurer or producer, the
Department will, at least quarterly and until the matter is resolved, notify each party to
the complaint of the complaint's status unless doing so would jeopardize
An undercover investigation
Commissioner of insurance- general powers and duties
inquiries - answer-the department may address a reasonable inquiry to
Any insurance company, including a lloyd's plan or reciprocal or interinsurance
exchange, or to an agent or other holder of an authorization relating to, the person's
business condition or any matter that the commissioner considers necessary for the
public good regarding this department
A person receiving an inquiry shall respond to the inquiry in writing not later than the
15th day after the date the inquiry is received
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