Texas Insurance Practice Exam 2026
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Terms in this set
20
Who is the chief executive and administrative officer of the Texas Department of Insurance (TDI)?
The Commissioner of Insurance.
How is the Commissioner of Insurance in Texas appointed?
Appointed by the Governor for a two-year term, with the advice and consent of the Senate.
How often must a Texas insurance agent's license be renewed?
Every two years.
How many hours of continuing education (CE) are required for a Texas insurance agent every two-year renewal period?
24 hours, including at least 2 hours of ethics or consumer protection.
How many days does an agent have to notify the TDI of a change in mailing address or felony conviction?
30 days.
What is the purpose of the Texas Property and Casualty Insurance Guaranty Association?
To provide a mechanism for the payment of covered claims for policyholders of insolvent insurers.
What is the maximum amount the Texas Life and Health Insurance Guaranty Association will pay for life insurance death benefits for one individual?
$300,000.
What is considered an illegal inducement or rebating in Texas?
Offering anything of value not specified in the insurance contract as an incentive to buy insurance.
Under Texas law, what is the minimum age to apply for an insurance agent license?
18 years old.
What is the 'free look' period for life insurance policies in Texas?
Typically 15 days (or 30 days for replacement policies) during which the policy owner can return it for a full refund.