Insurance Licensing Requirements Overview

What is the duration of an Emergency License in Texas?

Which type of license is required for individuals who supervise field operations and possess underwriting authority for insurers?

What is the primary role of an Adjuster in the insurance industry?

What is the minimum number of continuing education hours required to maintain an insurance license in Texas?

What percentage of the continuing education requirements must be completed in a classroom setting?

What is the penalty for failing to meet the continuing education requirements before the license expiration date?

How many days do licensees have to complete outstanding continuing education requirements after their license expiration date?

Which of the following individuals is exempt from the continuing education requirements for insurance licenses?

Individual Producer License Requirements

Individuals must prove the emergency license is necessary to preserve agency assets
License validity is 90 days within a 12-month period

Surplus Lines License

Required when placing insurance with non-admitted insurers lacking a Certificate of Authority

Managing General Agent (MGA) License

Required for individuals overseeing insurer field operations and having underwriting authority

Risk Manager License

Issued to individuals available to examine and evaluate risks for property and casualty insurance.
Provide advice for a fee to reduce loss chances.

Adjuster License

Investigates and settles claims for insurers
Adjusters work for insurers, not individual agents.

Appointment for Insurance Sales

Individuals selling insurance in Texas need an insurer appointment.
Producers needing to sell for a second insurer need only a new appointment request from the second insurer.
This allows independent agents to sell through multiple insurers.
Insurers can terminate producer appointments.

Continuing Education Requirements

Insurance licenses in Texas expire after two years (24 months).
To maintain a license, producers must meet continuing education requirements before expiration
- 24 total hours
- 50% of those hours in a classroom or classroom equivalent (12 hours)
- 3 hours covering ethics
License holders with 20 consecutive years experience are exempt from continuing education requirements.
Requirements are equal for all insurance license types held by a person.
A penalty of $50 per hour for incomplete hours, up to a maximum of $500 per license.
Licensees have 90 days to complete deficient hours after expiration.

This quiz covers the various licensing requirements for individuals in the insurance industry, including the Individual Producer License, Surplus Lines License, and other specialist licenses. Understand the criteria, roles, and the operational scope for each type of license needed to operate effectively in Texas. Test your knowledge on the essential regulatory aspects of insurance sales.