Texas Insurance Code

§ 962.052 — ISSUANCE OF CERTIFICATE OF AUTHORITY

IN § 962.052Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part H. OTHER ENTITIES · Ch. 962. JOB PROTECTION INSURANCE · Art. B. AUTHORITY TO ENGAGE IN BUSINESS

Statute text

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(a)The commissioner shall issue a certificate of authority to a domestic or foreign insurer that applies for a certificate if:

(1)the applicant has:

(A)complied with the requirements of this chapter and all other requirements imposed on the applicant by law; and

(B)paid any deposit imposed by law; and

(2)the operational history of the applicant indicates a condition such that the expanded operation of the applicant in this state or the applicant's operations outside this state will not create a condition that might be hazardous to the applicant's policyholders or creditors or to the public, when that operational history is reviewed in conjunction with:

(A)the applicant's loss experience;

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Legislative history

Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 16, eff. April 1, 2007.