| (a) Revisions during the review of the application
must be addressed to: Company Licensing & Registration, Mail Code
305-2C, Texas Department of Insurance, P.O. Box 149104, Austin, Texas
78714-9104.
(b) Each revision to the basic organizational document,
bylaws, or officers' and employees' bond must be accompanied by a
certification of the corporate secretary or corporate president of
the applicant that the revision submitted is true, accurate, and complete.
(c) The department will conduct examinations in connection
with each application and notify the applicant of the need for revisions
necessary to meet the requirements of Insurance Code Chapter 848,
this subchapter, and applicable insurance laws and regulations of
this state. If the applicant does not make the necessary revisions,
the department may withdraw the application on behalf of the applicant.
If the time required for the revisions will exceed the time limit
provided in Insurance Code §848.056(c), the applicant must request
additional time within which to make the revisions. The applicant
must specifically state the length of time requested, which may not
exceed 90 days. The request for any extension must describe the need
for the additional time in writing in sufficient detail for the commissioner
to determine if good cause for the extension exists. The applicant
may request additional extensions. The commissioner has discretion
to grant or deny the request for an extension of time under Insurance
Code §848.056.
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