| (a) An individual may qualify for a specialty license if the
individual:
(1) is at least 18 years of age;
(2) has not committed an act for which a license may be denied
under the Insurance Code or insurance regulations of this state or any other
state; and
(3) satisfies the requirements of subsection (c) of this section.
(b) A corporation, partnership or depository institution may
qualify for a specialty license if the entity:
(1) is organized under federal law or the laws of this or any
other state or territory of the United States;
(2) is admitted to conduct business in this state by the secretary
of state, if so required;
(3) provides a current franchise tax certificate from the Texas
state comptroller's office;
(4) provides the name, address, date of birth and social security
number of all officers, directors, members, managers, partners or any other
person who has the right or ability to control the specialty license holder;
and
(5) satisfies the requirements of subsection (c) of this section.
(c) To qualify for a license under Article 21.09, Insurance
Code, a person must:
(1) submit a properly completed license application to the
department;
(2) obtain a company appointment and certification from an
insurance company authorized by the department to write the specific type
of insurance in this state which the person requests authority to solicit
under Article 21.09;
(3) remit all required license fees. All such fees are nonrefundable;
(4) be actively engaged in a finance or retail business at
each location where insurance sales will be conducted under the specialty
license with the primary purpose of providing goods or services other than
insurance to customers in this state; and
(5) solicit and deliver the specialty insurance product authorized
under Article 21.09 only in connection with an associated consumer transaction.
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