ISSUANCE OF LICENSE TO BUSINESS ENTITY NOT ORGANIZED IN THIS STATE

(a) The commissioner shall adopt rules necessary to issue a public insurance adjuster license to a business entity organized under the laws of another state or the United States. (b) Rules adopted by the commissioner under Subsection (a) must: (1) be analogous to the provisions of Chapter 4001 that relate to issuance of licenses to business entities; and (2) contain: (A) qualifications for the issuance of a public insurance adjuster license analogous to the qualifications described by Section 4102.054; and (B) requirements for the performance of the duties and powers of a public insurance adjuster analogous to the requirements described by Section 4102.054. (c) The department may not issue a public insurance adjuster license to a business entity described by Subsection (a) unless at least one officer, active partner, or other managing individual of the business entity, and each individual performing acts of a public insurance adjuster on behalf of the business entity in this state, are individually licensed by the department under Section 4102.054 separately from the business entity.