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TX MGA Exam Prep
Texas Managing General Agent Insurance License Exam
4
Insurance
Professional
10/14/2014

Additional Insurance Flashcards

 


 

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Term

III. TEXAS STATUTES AND RULES COMMON TO PROPERTY AND CASUALTY INSURANCE 

A. Commissioner of Insurance


§ 31.001. DEFINITIONS:  

In this code and other insurance laws:            

Definition

(1)  "Commissioner" means the commissioner of insurance.


(2)  "Department" means the Texas Department of insurance.                  

Term

III. TEXAS STATUTES AND RULES COMMON TO PROPERTY AND CASUALTY INSURANCE 

A. Commissioner of Insurance


§ 31.002. DUTIES OF DEPARTMENT:  

In addition to the other duties required of the Texas Department of Insurance, the department shall:

Definition

(1)  Regulate the business of insurance in this state;    

                   

(2)  Administer the workers' compensation system of this state as provided by Title 5, Labor Code; and


(3)  Ensure that this code and other laws regarding insurance and insurance companies are executed.

Term

III. TEXAS STATUTES AND RULES COMMON TO PROPERTY AND CASUALTY INSURANCE 

A. Commissioner of Insurance


§ 31.021. CHIEF EXECUTIVE:

(a) The commissioner is the department's chief executive and administrative officer.  The commissioner shall administer and enforce this code, other insurance laws of this state, and other laws granting jurisdiction or applicable to the department or the commissioner.

 

(b)  The commissioner has the powers and duties vested in the department by: 

Definition

(1)  This code and other insurance laws of this state;and                

 

(2)  Title 5, Labor Code, and other workers'

Term

III. TEXAS STATUTES AND RULES COMMON TO PROPERTY AND CASUALTY INSURANCE 

 

A. Commissioner of Insurance


§ 404.051. IMPAIRMENT PROHIBITED: 

(a) The impairment of the capital stock of a stock insurance company is prohibited.

 

(b)  Impairment of the following surpluses in excess of that provided by Section 404.053 is prohibited:

Definition
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