A Life Agent is authorized to write fixed or variable annuity contracts, and variable life contracts. This license type is not authorized to write long term care products.
|Number of Licenses as of 8/31/16||37,491|
|Exam Requirement||Yes / Pearson VUE|
|Exam Exemptions||Expired for more than 90 days but less than one year, nonresidents of reciprocal states|
|Exam Code & Fee||InsTX-Life01 / $48|
|Continuing Education||24 hours/2 years, of which 2 hours must be Ethics. 50% of the hours must be classroom or classroom equivalent.|
|Prerequisite / Training||None|
|Statutory Authority||TIC § 4054.301|
Continuing Education Required Hour Changes
For all licenses issued or renewing on and after September 1, 2015, which formerly required 30 hours of continuing education (CE) during each license period, only 24 hours of continuing education is required for each license period. Licenses expiring before September 1, 2015, will have to complete 30 hours of CE.
Continuing Education Requirements for Renewal
For all licenses issued or renewing on and after November 1, 2015, completion of the 24 hours of CE is required for a licensee to renew his license. If a licensee does not complete the 24 hours of CE before the expiration date of the license, the licensee will have 90 days to complete the deficient number of hours and pay a fine of $50 per deficient hour. If these two conditions are not met within 90 days of the license expiring, the license will be inactivated, and the licensee will have to apply for a new license. A new license will not be granted until the deficient CE hours are completed and the fine is paid. In order to ensure that there is no delay in renewing a license, license holders are encouraged to complete CE hours at least 30 days before the license expires to allow time for the CE provider to report the successful completion of the course(s) to TDI.
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Last updated: 10/11/2016