TDI Commissioner's Bulletin B-0063-96

Solicitation of insurance by agents whose licenses have been previously revoked.

Year: 1996Length: 188 wordsOfficial source
Texas Department of Insurance 333 Guadalupe Street P.O. Box 149104 Austin, Texas 78714-9104 512/463-6169 September 30, 1996 Commissioner's Bulletin No. B-0063-96 TO: ALL FRATERNAL BENEFIT SOCIETIES, THEIR AGENTS AND REPRESENTATIVES, AND THE PUBLIC GENERALLY Re: Solicitation of Insurance By Agents Whose Licenses Have Been Previously Revoked The Texas Department of Insurance has received reports that some fraternal benefit societies may be employing agents whose licenses have been revoked. The Legislature, in 1993, amended the Texas Insurance Code, article 10.37-2, to prohibit a fraternal benefit society from employing or otherwise retaining a person to solicit business if that person has had a license revoked under articles 21.07, 21.14, or 21.07-1. Violations of this provision are subject to sanctions under articles 10.37, 10.37-1, and 1.10, § 7 of the Insurance Code. The Texas Department of Insurance can assist you in determining the licensing status of any person or entity you are considering employing or have employed. To obtain information regarding licensing status, you may send a list of agents' names via facsimile to (512) 475-1819, or call the Texas Department of Insurance at (512) 322-4105. ELTON BOMER COMMISSIONER OF INSURANCE
TDI Commissioner's Bulletin B-0063-96: Solicitation of insurance by agents whose licenses have been previously revoked. | Justis AI