Texas Life Agent Practice Exam

What is one of the requirements for a corporate agency's active officers seeking an insurance agent's license in Texas?

1. They must have a minimum of 3 years of experience

2. They must pass the ethics exam

3. They must hold individual agent's licenses

4. They must be residents of Texas

The correct answer is: They must hold individual agent's licenses

To obtain an insurance agent's license in Texas, one of the primary requirements for corporate agency officers is that they must hold individual agent's licenses. This requirement ensures that the officers possess the requisite knowledge and expertise in insurance practices, rules, and regulations, which not only facilitates compliance with the law but also reinforces the integrity and professionalism of the agency. By having individual licenses, they demonstrate their commitment and understanding of the insurance industry, which is essential for leadership positions within the agency. Other requirements, such as experience or ethical standards, may be relevant in varying contexts but do not specifically pertain to the licensing conditions imposed on corporate agency officers in Texas like holding an individual agent license does.