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Specialty - Credit

Issued to retail distributor of goods, an automobile dealer, bank, state or federal savings and loan or credit union, finance company, production credit association, manufactured or mobile home retailer to sell credit life insurance, credit accident and health insurance, credit property insurance, credit involuntary unemployment insurance; and insurance that covers between the actual cash value of a motor vehicle used as a security for a loan or lease. This authority specifically permits the sale of both individual and group credit insurance.

Number of Licenses as of 8/31/16 2,457
Exam Requirement No
Exam Exemptions N/A
Exam Series & Fee N/A
License Fee $50
Continuing Education No
Renewal Fee $50
Late Fee $25
Prerequisite / Training Each individual that will act as an agent under the specialty insurance license must successfully complete an approved training program before selling any insurance. The licensee must train its employees who actually will be offering insurance in connection with an associated consumer transaction.
Statutory Authority TIC § 4055.101 | TAC 19.1901 - 19.1910
Reciprocal Yes
Temporary License No

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Last updated: 10/11/2016