State RegulationsTX specificDifficulty 1/5
Under TIC 4005.101-.102, which of the following is a ground on which TDI may deny an application for a Texas agent license?
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Answer & full 3-part explanation (select an option above, or peek)
Why D is correct
Under TIC 4005.101-.102 the Commissioner may refuse to issue a license when an applicant fails to meet the statutory qualifications or has engaged in disqualifying conduct, including a material misstatement or concealment of fact in the application, fraud or dishonest conduct, or a conviction that bears on the applicant's fitness to hold a license. A denial is entered only after notice and an opportunity for a hearing, and it is not cured simply because the applicant later obtains an appointment or insurance coverage.
Why the other options are wrong
- A) Errors and omissions coverage is not a statutory qualification for holding the license.
- B) An appointment follows licensure, so not having one in advance is not a ground for denial.
- C) Representing multiple insurers is ordinary practice and is not a disqualifying factor.
Memory hook
Misstate a material fact on the application and the license is denied.