Texas General Lines — Life, Accident, Health and HMOTexas Statutes and Rules Common to Life, Accident, Health and HMOMedium
A Texas-licensed agent is convicted of a felony involving dishonesty. What is the agent's obligation regarding reporting this conviction to the Texas Department of Insurance (TDI)?
- AReport the conviction within 60 days of the final judgment.
- BReport the conviction within 10 days of the final judgment.
- CReport the conviction within 30 days of the final judgment.
- DNo report is required unless specifically requested by the TDI.
Show answer & explanationAnswer & explanation
Correct answer: C. Report the conviction within 30 days of the final judgment.
Texas law requires a licensed agent to report any felony conviction, especially one involving dishonesty, to the Texas Department of Insurance (TDI) within 30 days of the final judgment. Failure to do so can result in additional penalties, including license suspension or revocation.
Why the other options are wrong
- A. 60 days is too long for reporting a felony conviction.
- B. 10 days is too short; 30 days is the standard.
- D. Reporting is mandatory, not optional or only upon request.
Felony Conviction Reporting
The mandatory requirement for a licensed insurance agent to notify the Texas Department of Insurance (TDI) of any felony conviction.
- Must be reported within 30 days of final judgment.
- Applies to felonies, especially those involving dishonesty.
- Failure to report can lead to license penalties.
Memory trick: Felony conviction? You have THIRTY days to tell the TDI.