Based on orders issued by Texas Governor Greg Abbott in response to COVID-19, the Texas Department of Insurance has announced that certain licensing requirements and fees have been suspended for Texas-licensed insurance agents, adjusters, title agents, escrow officers, life settlement brokers, and life settlement providers. These include the following:
- Renewal periods are extended to May 31, 2020 for licenses that expired on or before February 29, 2020.
- All current and new temporary licenses will remain active until further notice.
- Fingerprint requirements are delayed for temporary license applications until further notice.
- Late fees and continuing education fines will be waived for licenses that expire between March 31, 2020 and April 30, 2020 if the license is renewed by May 31, 2020.
These steps are part of TDI’s continuing response to the Coronavirus outbreak, which we have outlined in previous blog posts found here and here. A full list of the licensing requirements and fees suspended can be found in TDI’s March 21, 2020 bulletin found here.
Visit our COVID-19 Resource Center often for up-to-date information to help you stay informed of the legal issues related to COVID-19.
The post Texas Suspends Certain Insurance Licensing Requirements to Address Coronavirus Outbreak appeared first on Texas Regulatory Update.