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TITLE 28INSURANCE
PART 1TEXAS DEPARTMENT OF INSURANCE
CHAPTER 7CORPORATE AND FINANCIAL REGULATION
SUBCHAPTER EADMISSION PROCEDURES FOR FOREIGN INSURANCE COMPANIES
RULE §7.504Disposition of Applications

(a) The commissioner shall appoint an admissions examiner to review applications for admission. After review, if the admissions examiner can recommend that the application be approved in all respects, the admissions examiner shall prepare and forward to the commissioner a memorandum specifying a recommendation. A copy of the memorandum shall be sent to the applicant. If unable to recommend that the application should be approved based on all relevant information, the admissions examiner shall cause a hearing to be set on the commissioner's hearings docket for determination of the application. The commissioner may cause a hearing to be set on his own motion.

(b) Subsequent to the procedure specified in subsection (a) of this section, the commissioner shall enter an order approving or disapproving the application.

(c) The commissioner's order may be appealed to the board as provided in Chapter 1, Subchapter A of this title (relating to Rules of Practice and Procedure) and the Insurance Code, Article 1.04(d).

(d) At any time, the commissioner or admissions examiner may request additional information from the applicant to determine compliance with applicable law.


Source Note: The provisions of this §7.504 adopted to be effective October 19, 1982, 7 TexReg 3581; amended to be effective July 4, 1986, 11 TexReg 2884.

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