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A BILL TO BE ENTITLED
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AN ACT
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relating to temporary licenses for insurance professionals. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 4001.153, Insurance Code, is amended to |
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read as follows: |
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Sec. 4001.153. APPLICATION FOR AND ISSUANCE OF TEMPORARY |
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LICENSE. (a) Except as provided by Subsection (b), the [The] |
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department shall issue a temporary license immediately on receipt |
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of a properly completed application executed by the applicant in |
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the form required by Section 4001.102 and accompanied by: |
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(1) the nonrefundable filing fee set by the |
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department; and |
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(2) a certificate signed by an officer or properly |
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authorized representative of an agent, insurer, or health |
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maintenance organization stating that: |
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(A) the applicant is being considered for |
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appointment by the agent, insurer, or health maintenance |
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organization as its full-time agent; |
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(B) the agent, insurer, or health maintenance |
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organization desires that the applicant be issued a temporary |
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license; and |
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(C) the applicant will complete training as |
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prescribed by Section 4001.160 under the agent's, insurer's, or |
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health maintenance organization's supervision. |
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(b) The department may deny a license application under this |
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subchapter if the department determines that any of the grounds |
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exist for license denial or disciplinary action under Section |
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4005.101, Insurance Code, or Chapter 53, Occupations Code. |
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SECTION 2. Section 4001.155, Insurance Code, is amended to |
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read as follows: |
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Sec. 4001.155. TERM OF TEMPORARY LICENSE. A temporary |
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license is valid for 180 [90] days after the date of issuance. |
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SECTION 3. Section 4001.156(a), Insurance Code, is |
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repealed. |
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SECTION 4. The changes in law made by this Act apply only to |
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an application for a temporary insurance agent's license submitted |
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on or after the effective date of this Act. An application for a |
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temporary insurance agent's license submitted before the effective |
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date of this Act is governed by the law as it existed immediately |
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before that date, and that law is continued in effect for that |
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purpose. |
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SECTION 5. This Act takes effect September 1, 2021. |