Sec. 1805.052. ISSUANCE OF LICENSE; TERM. (a) The commissioner shall issue a license to an applicant the commissioner determines is qualified, without regard to:
(1) the state of domicile or residence of the applicant; or
(2) the location of the applicant's place of business.
(b) The commissioner shall grant or deny a license to an applicant not later than the 60th day after the date the commissioner receives the application.
(c) A license issued under this subchapter remains in effect until the commissioner suspends or revokes the license.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.
Structure Texas Statutes
Title 10 - Property and Casualty Insurance
Subtitle A - General Provisions
Chapter 1805 - Joint Underwriting and Advisory Organizations
Subchapter B. Advisory Organizations
Section 1805.051. License Application
Section 1805.052. Issuance of License; Term
Section 1805.053. Information Reported by Advisory Organization
Section 1805.054. Insurer's Authority to Subscribe to Advisory Organization
Section 1805.055. Submission, Receipt, and Use of Information by Insurer
Section 1805.057. Rate Filing Review
Section 1805.058. Prohibited Acts
Section 1805.059. Disciplinary Action