Form FIN507 Application for Insurance Agency License - Texas

What Is Form FIN507?

This is a legal form that was released by the Texas Department of Insurance - a government authority operating within Texas. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is the purpose of Form FIN507?
A: Form FIN507 is used to apply for an Insurance Agency License in Texas.

Q: Who needs to use Form FIN507?
A: Individuals or entities who wish to operate an insurance agency in Texas need to use Form FIN507.

Q: What information is required on Form FIN507?
A: Form FIN507 requires information such as the agency's name, business address, contact information, and details about the agency's owners and officers.

Q: How long does it take to process Form FIN507?
A: The processing time for Form FIN507 can vary. It is recommended to submit the application well in advance to allow for processing time.

Q: Are there any additional requirements to obtain an Insurance Agency License in Texas?
A: Yes, in addition to completing Form FIN507, applicants must meet certain eligibility requirements, such as being at least 18 years old and having a designated responsible licensed producer.

Q: Can an individual have multiple insurance agency licenses in Texas?
A: Yes, an individual can hold multiple insurance agency licenses in Texas as long as they meet the requirements for each license.

Q: What happens after submitting Form FIN507?
A: After submitting Form FIN507 and meeting all the requirements, your application will be reviewed by the Texas Department of Insurance. If approved, you will receive your Insurance Agency License.

Q: How long is an Insurance Agency License valid in Texas?
A: An Insurance Agency License is valid for 2 years in Texas.