How is an Insurance Agent defined under Subchapter E, Chapter 981?

• A. A person who sells home insurance.
• B. An individual, firm, or corporation licensed under Subchapter E, Chapter 981.
• C. A home inspector.
• D. A firefighter.

Answer: (B)

In this law, who counts as an Insurance Agent is defined by licensure under Subchapter E, Chapter 981. That means the defining factor is whether someone is formally licensed under that subchapter, not just what they do. An individual, firm, or corporation becomes an Insurance Agent only if they hold the license specified by Subchapter E, Chapter 981. So even if someone sells home insurance, they’re not an Insurance Agent unless they’re licensed under this chapter. A home inspector or a firefighter aren’t described as Insurance Agents by this statute because they aren’t licensed under that subchapter to engage in insurance activities. Therefore, the correct understanding is that an Insurance Agent is an entity licensed under Subchapter E, Chapter 981.