| (a) A captive management company may not provide administrative
services to a captive insurance company prior to obtaining the commissioner's
written approval of its registration as a captive management company.
(b) An individual may not provide administrative services
or be registered to provide such services unless the individual is:
(1) a member of the governing body or officer of the
captive insurance company; or
(2) an employee of the captive insurance company or
an affiliate.
(c) To register as a captive management company, the
entity must submit the following information to the department in
manner that is acceptable to the department:
(1) the name of the entity;
(2) the entity's federal employer identification number;
(3) information regarding the location and means of
contacting the entity; and
(4) the name and biographical information, including
fingerprints, of a designated responsible party, who qualifies under §6.103
of this title (relating to Designated Responsible Party), and who
will be the contact for the department.
(d) The department may provide a form the registrant
can use to comply with this section.
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