|
Senate Bill 876 |
Senate Author: Eltife |
|
Effective: 9-1-15 |
House Sponsor: Frullo |
Senate Bill 876 amends the Insurance Code to revise provisions relating to the licensing of insurance agents, adjusters, and other insurance professionals. Among other provisions, the bill authorizes the commissioner of insurance to adopt standards for an agent, insurer, or health maintenance organization to appoint more than 500 temporary license holders during a calendar year, aligns individual license expiration dates so that a license expires on the license holder's birthday every other year, and authorizes a nonresident agent who has moved to Texas to apply to the Texas Department of Insurance for a comparable resident agent license. The bill reduces the number of continuing education hours required for certain license holders, makes completion of continuing education a condition of licensure, and prohibits the renewal of a license held by an individual who fails to timely complete continuing education requirements or pay a fine related to that failure. The bill expands the list of entities exempt from examination requirements applicable to a risk manager's license and makes certain of those entities also eligible for an exemption from continuing education requirements.