Texas Insurance Code 4051.101 – License Required
(a) Except as provided by Section 4051.052, a person is required to hold a limited property and casualty license if the person acts as an agent who writes:
(1) job protection insurance as defined by Section 962.002;
(2) exclusively, insurance on growing crops under Subchapter F;
(3) any form of insurance authorized under Chapter 911 for a farm mutual insurance company;
(4) exclusively, any form of insurance authorized to be solicited and written in this state that relates to:
(A) the ownership, operation, maintenance, or use of a motor vehicle designed for use on the public highways, including a trailer or semitrailer, and the motor vehicle’s accessories or equipment; or
(B) the ownership, occupancy, maintenance, or use of a manufactured home classified as personal property under Section 2.001, Property Code;
(5) a prepaid legal services contract under Article 5.13-1 or Chapter 961;
(6) exclusively, an industrial fire insurance policy:
(A) covering dwellings, household goods, and wearing apparel;
(B) written on a weekly, monthly, or quarterly basis on a continuous premium payment plan; and
(C) written for an insurer exclusively engaged in the business as described by Section 912.310;
(7) credit insurance, except as otherwise provided by Chapter 4055; or
(8) any other kind of insurance, if holding a limited property and casualty license to write that kind of insurance is determined necessary by the commissioner for the protection of the insurance consumers of this state.
(b) Subsection (a)(2) applies to an entity chartered by the federal Farm Credit Administration, as provided by the farm credit system under 12 U.S.C. § 2001 et seq., as amended.
Terms Used In Texas Insurance Code 4051.101
- Contract: A legal written agreement that becomes binding when signed.
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
- Personal property: All property that is not real property.
- Property: means real and personal property. See Texas Government Code 311.005
- Written: includes any representation of words, letters, symbols, or figures. See Texas Government Code 311.005
- Year: means 12 consecutive months. See Texas Government Code 311.005
(c) This section does not apply to a person who wrote for the previous calendar year:
(1) policies authorized by Chapter 911 for a farm mutual insurance company that generated, in the aggregate, less than $50,000 in direct premium;
(2) industrial fire insurance policies that generated, in the aggregate, less than $20,000 in direct premium; or
(3) policies authorized by Chapter 962 for an insurer that generated, in the aggregate, less than $40,000 in direct premium.