Section 964.055 - Certificate of Authority Required(a) An entity may not engage in business as a captive insurance company domiciled in this state unless it holds a certificate of authority issued by the department to act as a captive insurance company. A captive insurance company, when permitted by its certificate of formation or governing document, may apply for a certificate of authority under this chapter.(b) An entity does not qualify for a certificate of authority under this chapter unless: (1) its affiliates have significant operations in this state, as determined by the commissioner;(2) its board of directors or governing body holds at least one meeting each year in this state;(3) it maintains its principal office and books and records in this state, unless the commissioner grants an application to relocate the entity's books and records under Chapter 803; and(4) it complies with Section 804.101 or 804.102.Amended by Acts 2017, Texas Acts of the 85th Leg. - Regular Session, ch. 1050,Sec. 1.05, eff. 6/15/2017.Added by Acts 2013, 83rd Leg. - Regular Session, ch. 569,Sec. 2, eff. 6/14/2013.