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Exam (elaborations)

TEXAS FAL QUESTIONS AND ANSWERS

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TEXAS FAL QUESTIONS AND ANSWERS

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TEXAS FAL QUESTIONS AND
ANSWERS 2026 - 2027

Insurance requirements for all occurrences per policy year? -
ANSWERS-Not less than $300,000


Failure to maintain the liability insurance requirements results in
what? - ANSWERS-Grounds for denial, suspension, or revocation of
a certificate of registration after notice and opportunity for hearing


Compliance with what constitutes with the insurance requirements if
the insurance held bonds and complies with the requirements in
amounts and types of coverage? - ANSWERS-Compliance with the
Private Investigators and Private Security Agencies Act insurance
requirements


Does the insurance requirements affect the rights of the insured to
negotiate or contact for limitations of liability with a third party,
including a customer of the insured - ANSWERS-It does not


How to renew an unexpired license or registration? - ANSWERS-
Paying the required renewal fee to the board before the expiration
date

, How to renew a license that is not expired longer than 90 days? -
ANSWERS-Paying to the board the required renewal fee and a fee
that is not to exceed 1/4 of the original fee for the license


How to renew a license that is expired longer than 90 days, but less
than 2 years? - ANSWERS-Paying the board all unpaid renewal fee
and a fee that is not to exceed the original fee for the license


How to renew a license that has been expired for more than 2 years? -
ANSWERS-License can no longer be renewed


How to obtain a new license - ANSWERS-By complying with the
original requirements and procedures


When must the State Fire Marshal send written notice of the
impending license expiration to the licenses at his/hers last known
address? - ANSWERS-At least 30 days before expiration


Can the licensing section be used to prevent the board from denying
to renew a license under applicable law or rules of the State Board of
Insurance - ANSWERS-They can not


Can a licensee renew an unexpired license if they are not employed
by a registered firm? - ANSWERS-They may


Can licensee who is not employed engage in any activity for which
the license was granted for? - ANSWERS-They cannot

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