(a) An agent may not solicit or write any coverage authorized by this subchapter unless the agent:
- (1) holds a license issued under Chapter 4054; and
- (2) is appointed by the stipulated premium company for which the agent is soliciting and writing coverage under this subchapter.
- (b) The commissioner may issue under Chapter 4054 a license for an agent to solicit and write any coverage authorized by this subchapter for a stipulated premium company. Chapter 4054 applies to the stipulated premium company as if the company were a legal reserve life insurance company.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 2E.087, eff. April 1, 2009.