| (a) Each employee of a specialty license holder who performs
any act of an insurance agent shall complete a training program which satisfies
the requirements of Article 21.09 §1(d).
(b) An insurance company authorized to write the specialty
insurance product shall submit an outline of the training program to the department
for approval prior to use by a specialty license holder.
(c) The training outline shall be sufficiently detailed to
demonstrate that the specialty license applicant's employees will receive
training in the disclosures required under the applicable statutes and regulations
as well as training in each specific type of specialty insurance product which
the applicant seeks authorization to solicit.
(d) An applicant for or holder of a specialty insurance license
shall submit all employee training materials to the department upon request.
If the department finds that a training program is deficient, misrepresents
any aspect of the insurance transaction or contains inaccuracies misleading
to the public, the department may institute a disciplinary action against
the insurance company that prepared the training materials. If the department
finds that a training program is modified by or is not properly administered
by the specialty license holder, the department may take any disciplinary
action authorized under §19.1910 of this title (relating to Denial or
Refusal of Specialty License Application; Suspension or Revocation of Specialty
Licenses; Discipline of Specialty License Holders) against the specialty license
holder.
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