Texas Insurance Code

§ 651.056 — NOTICE OF ACTION ON APPLICATION

IN § 651.056Title 5. PROTECTION OF CONSUMER INTERESTS · Part E. PREMIUM FINANCING · Ch. 651. FINANCING OF INSURANCE PREMIUMS · Art. B. AUTHORITY TO ENGAGE IN BUSINESS

Statute text

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Not later than the 90th day after the date the department receives an application under Section 651.054, the department shall notify the applicant that:

(1)the application has been approved and the department will issue a license to the applicant on payment of the required license fee; or

(2)the application has been denied.

Legislative history

Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005.