Sec. 953.055. ADDITIONAL REQUIREMENTS FOR SALES REPRESENTATIVES. (a) The executive director may deny an application from a sales representative who:
(1) made a material misrepresentation or fraudulent statement in the application;
(2) has had a license revoked under the Insurance Code;
(3) has had a license suspended or revoked under Section 82.062, Government Code; or
(4) fails to pay the fee required under Subsection (b).
(b) Each registered sales representative shall pay an annual registration fee in the amount set by the executive director to cover the costs of administering this chapter.
Added by Acts 2003, 78th Leg., ch. 1181, Sec. 1, eff. Sept. 1, 2003.
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