Tex. Ins. Code § 651.054 · Subchapter B. AUTHORITY TO ENGAGE IN BUSINESS
APPLICATION FOR LICENSE; INVESTIGATION FEE; EXEMPTION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) An application for a license to engage in the business of insurance premium financing must:
(1) be in writing on a form prescribed by the commissioner; and
(2) be accompanied by a nonrefundable investigation fee in an amount not to exceed $400 as established by the department.
(b) A person who on January 1, 1980, held a license under Chapter 3, Title 79, Revised Statutes (Article 5069-3.01 et seq., Vernon's Texas Civil Statutes), is not required to pay an investigation fee.
(c) Section 201.001 applies to fees collected under this section.
Notes and commentary — not statutory text
History
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, 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.651.htm
- Text hash
- sha256 68d62c70126adc9f437e12f3693ca9b0a461e43840aff94714833e011bd0619d
- 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
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