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TITLE 28INSURANCE
PART 1TEXAS DEPARTMENT OF INSURANCE
CHAPTER 19LICENSING AND REGULATION OF INSURANCE PROFESSIONALS
SUBCHAPTER VREGISTRATION OF FULL TIME HOME OFFICE SALARIED EMPLOYEES
RULE §19.3002Definitions

The following words and terms, when used in this subchapter shall have the following meanings, unless the context clearly indicates otherwise.

  (1) Commissioner--The commissioner of insurance.

  (2) Department--Texas Department of Insurance.

  (3) Full-time--Employment status requiring the efforts of an employee in the business of insurance be devoted primarily to the insurance carrier for whom the employee seeks registration under the Insurance Code Article 21.14, §20A.

  (4) Home office--A permanent primary work site or a regional service center of an insurance carrier utilizing full-time salaried employees pursuant to their general plan of operation.

  (5) Insurance carrier--An insurance company or a group of insurance companies under common control licensed to do business in Texas whose general plan of operation includes the sale of its policies directly through salaried employees.

  (6) Salaried employee--A person compensated by the home office of the insurance carrier on a salaried basis who does not receive commissions.


Source Note: The provisions of this §19.3002 adopted to be effective December 8, 1998, 23 TexReg 12395.

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