Texas Administrative Code

Texas Administrative Code

TITLE 28	INSURANCE
PART 1	TEXAS DEPARTMENT OF INSURANCE
CHAPTER 25	INSURANCE PREMIUM FINANCE
SUBCHAPTER B	LICENSING AND REGULATION
RULE §25.24	License Application

(a) An applicant for an insurance premium finance company license must file an application Form PF1 with TDI. The application must include the following as applicable:

(1) List of Principals (Form PF2);

(2) Premium Finance Application Questionnaire (Form PF3);

(3) Biographical Affidavit (Form PF4) for each individual named on Form PF2;

(4) General statement of experience giving applicant's qualifications;

(5) List of Other States of Licensure (Form PF5);

(6) Appointment of Statutory Agent and Consent to Service (Form PF6);

(7) Sworn financial statement;

(8) Sample Business Operation forms;

(9) $400 Investigation Fee;

(10) Partnership agreement;

(11) Certified copy of Assumed Name Certificate as on file with the County Clerk or Secretary of State;

(12) Originally certified copy of Articles of Incorporation from the Office of the Secretary of State or equivalent office in another state;

(13) Certified copy of Bylaws;

(14) Certified copy of Minutes;

(15) Current Franchise Tax Certificate of Good Standing or letter of exemption issued by the Texas Comptroller of Public Accounts; and

(16) Certified copy of Certificate of Authority issued by the Texas Secretary of State (foreign corporations only).

(b) On notification by TDI of approval of the application, the applicant must submit a license fee as follows:

(1) Licenses issued January 1 through June 30--$200;

(2) Licenses issued July 1 through December 31--$100.

Source Note: The provisions of this §25.24 adopted to be effective May 17, 1995, 20 TexReg 3337; amended to be effective February 6, 2020, 45 TexReg 914; amended to be effective February 29, 2024, 49 TexReg 1096