[TX P&C] 25. Final Review of Texas P&C State-Law Decisions

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: * How Texas Insurance Code § 542.055 requires 15 calendar days (30 business days for surplus lines) for admitted carriers to acknowledge covered first-party claims. * How weather-related catastrophe designations under § 542.059 extend prompt payment deadlines by 15 calendar days, and how § 542.056 permits a 45-day decision extension notice. * How to distinguish initial claim acknowledgment timelines from the 15 business-day claim acceptance or rejection deadline under § 542.056. * How Texas Insurance Code § 4005.053 prohibits paying unlicensed individuals for agent services while permitting deferred commissions and qualified referral fees. * How producer conduct, licensing rules, and surplus lines diligence interface with a systematic source-check routine without relying on guaranteed passing claims. For independent study materials and free practice resources, visit https://open-exam-prep.com/practice/tx-property-casualty and subscribe on YouTube at https://www.youtube.com/@Open-exam-prep . Sources checked: September 28, 2026 https://tcss.legis.texas.gov/resources/IN/htm/IN.542.htm https://tcss.legis.texas.gov/resources/IN/htm/IN.4005.htm https://www.tdi.texas.gov/consumer/index.html