Tex. Ins. Code § 4151.053 · Subchapter B. CERTIFICATE OF AUTHORITY
APPROVAL OF APPLICATION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
The commissioner shall approve an application for a certificate of authority to engage in business in this state as an administrator if the commissioner is satisfied that:
(1) granting the application would not violate a federal or state law;
(2) the financial condition of the applicant or of each person who would operate or control the applicant is such that granting a certificate of authority would not be adverse to the public interest;
(3) the applicant has not attempted to obtain the certificate of authority through fraud or bad faith;
(4) the applicant has complied with this chapter and rules adopted by the commissioner under this chapter; and
(5) the name under which the applicant will engage in business in this state is not so similar to that of another administrator or insurer that it is likely to mislead the public.
Notes and commentary — not statutory text
History
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.4151.htm
- Text hash
- sha256 47cdb7f360abf393f00030cbbf2ee969fa84b8697d5d47e14141797f99f1d206
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Cited by 1 provision
Provisions in this library whose text cites Tex. Ins. Code § 4151.053. Each shows the citation as that text prints it.
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.