(a) An agent may not solicit or write any coverage authorized by this subchapter unless the agent:
(1) holds a license issued under Chapter 4054; and
(2) is appointed by the stipulated premium company for which the agent is soliciting and writing coverage under this subchapter.
(b) The commissioner may issue under Chapter 4054 a license for an agent to solicit and write any coverage authorized by this subchapter for a stipulated premium company. Chapter 4054 applies to the stipulated premium company as if the company were a legal reserve life insurance company.