Texas Personal lines Property & Casualty.pdf file:///C:/Users/HP/Desktop/New%20folder%20(2)/Texas%20Person
Texas Personal lines Property & Casualty
Questions & Answers
1. Chance or Uncertainty of a Loss
Answer Risk
2. Possible cause of a loss
Answer Peril
3. The Commissioner of insurance is appointed by the governor for a term of
ending on February 1 of each odd-numbered year?
Answer 2 Years
4. The Commissioner of insurance MUST have of experience in
business or government.
Answer 5 Years
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5. The Commissioner of insurance must provide a surety bond. (A
surety bond guarantees performance)
Answer $50,000
6. The Commissioner of insurance requires state fees in excess of
to be submitted by electronic transfer.
Answer $500,000
7. The Commissioner of insurance requires that persons must respond to
commissioner inquires within ?
Answer 15 Days
8. Response from alleged violator must be within of receipt?
Answer 20 Days
9. Department must send notice of violation within of finding?
Answer 14 Days
10. Maximum penalty for insurance code violations?
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Answer $25,000
11. Minimum age for a license?
Answer 18 Years Old
12. The waiting period to reapply if license is denied or revoked?
Answer 5 years
13. An Emergency License is valid for up to ?
Answer 90 Days
14. An Emergency license may be renewed an additional ?
Answer 90 Days
15. A temporary license is valid for up to ?
Answer 90 Days
16. Business entity agent licenses are renewed every after the license
is issued?
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Answer 2 years
17. If the license is expired for more than all requirements for a new
license (including the exam) must be met?
Answer 1 Year
18. If a license has been expires for or less, it may be renewed by
paying the renewal fee plus a 50% penalty.
Answer 90 Days
19. A license expired more than but less than one year cannot be
renewed; a new license maybe issued with no exam upon payment of license fee
& penalty fee?
Answer 90 Days
20. Change in address, felony convictions, or administrative actions must be
reported to the commissioner on a ?
Answer Monthly Basis
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