Texas Insurance Code

§ 651.057 — ISSUANCE OF LICENSE

IN § 651.057Title 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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After approval of an application and on receipt of the required license fee, the department shall:

(1)issue a license authorizing the license holder to engage in business as an insurance premium finance company at the location specified in the license holder's application; and

(2)send the license to the applicant.

Legislative history

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