Tex. Ins. Code Section 1152.151
Agent’s License Required

(a)

A person may not sell or offer for sale in this state a variable contract, or act to negotiate, make, or consummate a variable contract for another, unless the department has licensed the person under Chapter 4054 (Life, Accident, and Health Agents) as a general life, accident, and health agent or a life agent.

(b)

The licensing and regulation of a person acting as a variable contract agent is subject to the same provisions applicable to the licensing and regulation of other agents under Title 13.

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003. Amended by Acts 2003, 78th Leg., ch. 1276, Sec. 10A.303(b), eff. Sept. 1, 2003.

Amended by:

Acts 2007, 80th Leg., R.S., Ch. 548 (S.B. 1263), Sec. 2.11, eff. September 1, 2007.

Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 2F.009, eff. April 1, 2009.

Source: Section 1152.151 — Agent's License Required, https://statutes.capitol.texas.gov/Docs/IN/htm/IN.1152.htm#1152.151 (accessed Jun. 5, 2024).

1152.001
Applicability of Code 1152.002
Rules 1152.051
Establishment of Separate Accounts 1152.052
Ownership of Amounts in Separate Account 1152.053
Transfer of Assets Between Separate Accounts 1152.054
Compliance with Federal or State Law for Separate Account 1152.055
Guaranteed Benefits and Money Restriction for Separate Accounts 1152.056
Investment Limits Not Applicable to Separate Account 1152.057
Allocation of Income, Gains, or Losses on Separate Account 1152.058
Asset Valuation in Separate Account 1152.059
Separate Account Not Chargeable with Other Liabilities 1152.101
Sole Authority to Regulate Variable Contracts 1152.102
Authorization Required for Variable Contracts 1152.103
Consideration of Company’s Condition or Method of Operation 1152.104
Authorization for Subsidiary or Affiliate of Authorized Life Insurance Company 1152.105
Waiver of Hearing Requirement 1152.106
Reserve Liability for Variable Contract 1152.107
Separate Annual Statement Required 1152.108
Grace, Reinstatement, and Nonforfeiture Provisions Required 1152.109
Variable Benefits Provisions 1152.110
Private Placement Contracts 1152.151
Agent’s License Required 1152.201
Definition 1152.202
Applicability of Laws Governing Life Insurance Companies 1152.203
Rules 1152.204
Nonforfeiture Values 1152.205
Separate Account Statement

Accessed:
Jun. 5, 2024

§ 1152.151’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._ins._code_section_1152.151

Original Source: Section 1152.151 — Agent's License Required, https://statutes.capitol.texas.gov/Docs/IN/htm/IN.1152.htm#1152.151 (last accessed Jun. 5, 2024).