Current through Reg. 50, No. 1; January 3, 2025
Section 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--$100.28 Tex. Admin. Code § 25.24
The provisions of this §25.24 adopted to be effective May 17, 1995, 20 TexReg 3337; Amended by Texas Register, Volume 45, Number 06, February 7, 2020, TexReg 914, eff. 2/6/2020; Amended by Texas Register, Volume 49, Number 08, February 23, 2024, TexReg 1097, eff. 2/29/2024