Corporation or partnership must notify the department within 30 days of felony conviction of which individuals?

• A. A licensed agent
• B. An officer, director, partner, member, or manager who is convicted
• C. Any employee
• D. A licensed agent or an officer, director, partner, member, or manager who is convicted

Answer: (D)

In Texas, a corporation or partnership that holds an insurance license must report to the Texas Department of Insurance within 30 days if a felony conviction involves certain people connected to the entity. The individuals who trigger this reporting requirement are any licensed agent, and any officer, director, partner, member, or manager who is convicted. This ensures the department is aware of serious integrity issues within the licensed entity.

The other options don’t capture the full scope: reporting just a licensed agent misses other key personnel who could impact operations, while reporting only a managerial class misses the licensed agent who is directly tied to licensing. Reporting both the licensed agent and the specified managerial roles covers all the required individuals, which is why the correct understanding is that both categories must be reported.