Texas Property and Casualty License Practice Exam 2025 - Free Practice Questions and Study Guide

Question: 1 / 400

What is the penalty for late license renewal if done within 90 days past expiration?

$25 late fee

$50 late fee

The penalty for late license renewal within 90 days past expiration is indeed a $50 late fee. This structure is designed to encourage timely renewal of licenses while still providing a grace period for those who may have missed the original deadline. The regulations set by the Texas Department of Insurance are clear in establishing this fee to manage the administrative costs associated with late renewals.

The specifics of this penalty serve as a reminder to license holders about the importance of adhering to renewal schedules and help maintain the integrity and currency of licensure among professionals in the industry. Renewing after 90 days typically incurs a significantly higher penalty, reflecting the importance of keeping licensing up to date.

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$100 late fee

No penalty

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