TEXAS LIFE INSURANCE LAWS AND
RULES WITH COMPLETE
QUESTIONS AND CORRECT
DETAILED ANSWERS |ALREADY
GRADED A+( LATEST VERSION 2025)
Alien insurer - CORRECT ANSWER-An insurance company
incorporated or organized under the laws of any jurisdiction
outside of the United States.
Appointment - CORRECT ANSWER-The act of an insurance
company authorizing a producer to transact insurance on their
behalf.
Authorized (Admitted) Insurer - CORRECT ANSWER-An
insurance company that has been issued a Certificate of
, Authority by the commissioner authorizing the company to
transact insurance business in this state.
cease and desist order - CORRECT ANSWER-The
Commissioner may issue a cease-and-desist order to any
person found to have committed an unfair or deceptive act or
has violated a state insurance law.
Certificate of authority - CORRECT ANSWER-A license
granted by the Commissioner to an insurance company
authorizing them to transact insurance in this state.
Commingling - CORRECT ANSWER-A producer who has
combined premiums collected with personal funds has engaged
in commingling.
commission - CORRECT ANSWER-The amount paid by an
insurer to a producer for transacting insurance
RULES WITH COMPLETE
QUESTIONS AND CORRECT
DETAILED ANSWERS |ALREADY
GRADED A+( LATEST VERSION 2025)
Alien insurer - CORRECT ANSWER-An insurance company
incorporated or organized under the laws of any jurisdiction
outside of the United States.
Appointment - CORRECT ANSWER-The act of an insurance
company authorizing a producer to transact insurance on their
behalf.
Authorized (Admitted) Insurer - CORRECT ANSWER-An
insurance company that has been issued a Certificate of
, Authority by the commissioner authorizing the company to
transact insurance business in this state.
cease and desist order - CORRECT ANSWER-The
Commissioner may issue a cease-and-desist order to any
person found to have committed an unfair or deceptive act or
has violated a state insurance law.
Certificate of authority - CORRECT ANSWER-A license
granted by the Commissioner to an insurance company
authorizing them to transact insurance in this state.
Commingling - CORRECT ANSWER-A producer who has
combined premiums collected with personal funds has engaged
in commingling.
commission - CORRECT ANSWER-The amount paid by an
insurer to a producer for transacting insurance
