Texas Insurance Code

§ 651.106 — BUSINESS PREMISES

IN § 651.106Title 5. PROTECTION OF CONSUMER INTERESTS · Part E. PREMIUM FINANCING · Ch. 651. FINANCING OF INSURANCE PREMIUMS · Art. C. REGULATION OF INSURANCE PREMIUM

Statute text

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(a)Except as provided by Subsection (b), a license holder may engage in the business of insurance premium financing:

(1)in any office, suite, room, or place of business in which any other business is solicited or engaged in; or

(2)in association or in conjunction with any other business.

(b)Subsection (a) does not apply if the department:

(1)determines, after a hearing, that the conduct by the license holder of the other business at the location for which the license was issued has concealed evasions of this chapter; and

(2)orders the license holder in writing to stop engaging in the business of insurance premium financing at that location.

Legislative history

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