Texas General Lines — Life, Accident, Health and HMOTexas Statutes and Rules Common to Life, Accident, Health and HMOHard
An insurance agent's license was revoked by the Texas Department of Insurance (TDI) due to a violation of the Texas Insurance Code. How long must the agent generally wait before being eligible to apply for a new license?
- AThe agent is permanently ineligible to apply for a new license.
- B5 years from the date of revocation.
- C3 years from the date of revocation.
- D1 year from the date of revocation.
Show answer & explanationAnswer & explanation
Correct answer: B. 5 years from the date of revocation.
According to the Texas Insurance Code, if an agent's license is revoked, they generally must wait a period of 5 years from the date of the revocation before they can apply for a new license. This is a common penalty for serious violations.
Why the other options are wrong
- A. Permanent ineligibility is reserved for the most severe cases; a waiting period is more common.
- C. 3 years is incorrect; the typical waiting period for revocation is longer.
- D. 1 year is generally too short for a license revocation.
License Revocation Reapplication
The waiting period an individual must observe after their insurance license has been revoked before they can reapply for a new license.
- Typically 5 years in Texas for most revocations.
- Aimed at penalizing serious misconduct.
- Does not guarantee re-licensing after the period.
Memory trick: Revoked means five years to reflect before you can restart.