Texas § IN.1033 - The grounds for suspension or revocation and the penalties that apply to a reside

§ IN.1033. The grounds for suspension or revocation and the penalties that apply to a reside

The grounds for suspension or revocation and the penalties that apply to a resident insurance agent apply to a supervising entity and travel retailer. (f) The supervising entity shall designate an individual who is an officer of the entity and a licensed agent as the compliance officer responsible for compliance with insurance laws, rules, and regulations related to travel insurance. (g) The compliance officer and the officers of the supervising entity that direct or control the travel insurance business of the supervising entity must submit fingerprints as required by the commissioner by rule. (g-1) The supervising entity shall pay all applicable licensing fees required by state law with respect to travel insurance. (h) The supervising entity shall provide travel insurance instruction and training to each employee of a registered travel retailer whose duties include offering and disseminating travel insurance. The instruction and training material are subject to review by the commissioner and must include instruction relating to the insurance offered, ethical sales practices, and required disclosures to travelers. (i) The supervising entity is responsible for the acts of a travel retailer and shall use reasonable means to ensure each registered retailer's compliance with this subchapter. (j) Any person licensed in a major line of authority, as determined by the commissioner, as an insurance agent may sell, solicit, and negotiate travel insurance. A property and casualty insurance agent is not required to be appointed by an insurer to sell, solicit, or negotiate travel insurance. Added by Acts 2013, 83rd Leg., R.S., Ch. 805 (S.B. 1672 ), Sec. 5, eff. September 1, 2013. Amended by: Acts 2019, 86th Leg., R.S., Ch. 1000 (H.B. 2587 ), Sec. 4, eff. September 1, 2019.