State RegulationsTX specificDifficulty 1/5
A Texas agent holds a General Lines - Life, Accident and Health license. Under TIC 4001.104-.106, which of the following may the agent sell without obtaining another license?
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Answer & full 3-part explanation (select an option above, or peek)
Why C is correct
TIC 4001.104-.106 establish the general lines licenses, and a General Lines - Life, Accident and Health license authorizes the holder to transact life insurance, accident and health insurance and annuities. Homeowners, auto, commercial general liability, and surety and fidelity bonds are property and casualty lines that require the separate General Lines - Property and Casualty license, so a life and health agent who sells them is acting outside the license and is exposed to TDI discipline.
Why the other options are wrong
- A) Surety and fidelity bonds are property and casualty lines, not life and health business.
- B) Homeowners and auto are property and casualty lines, which require the separate property and casualty general lines license.
- D) Commercial general liability is a property and casualty line outside a life, accident and health license.
Memory hook
A life and health license covers life, health and annuities, nothing on wheels or on land.