Publication Date
2023-12-05
effective date
2023-12-05
jurisdiction
Texas Department of Insurance Makes Changes for Residents and Non Residents Related to Subagents and License Continuation
Texas Department of Insurance made the following changes effective December 5, 2023 for Residents and Non Residents.
**Non Residents Changes:** **Individual Non Resident - Assumed Name** - Fee information replaced indicating requirement for agent to register assumed name using instructions from the Texas Insurance Department Website. **Discount Medical Plan Organizations**  - General Requirements section - The list of marketers must be submitted using instructions provided on the Department's website.  - Clarified that the first step to renew is to submit the renewal fee and application. Annual renewal is still required **Resident Changes:** **Examination** - Clarified that a successful examination score report must be received within the 12 month period before the completed application is received by the Texas Department of Insurance. **Individual Resident - Assumed Name** - Fee information replaced indicating requirement for agent to register assumed name using instructions from the Texas Insurance Department Website. **Discount Medical Plan Organizations**  - General Requirements section - The list of marketers must be submitted using instructions provided on the Department's website. 
AgentSync Actions
Our compliance experts are constantly searching for and analyzing industry updates. Their findings are then recorded in the Regulatory Updates section of the Compliance Library to explain how the update impacts the insurance industry. If a change impacts an AgentSync product, this will be highlighted to inform you that the product is being updated to ensure you remain in compliance.
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This update has been reviewed by AgentSync compliance experts for industry impact and necessary automation in the AgentSync platform.
categories
Appointments & Terminations