Sec. 228.101. APPLICATION FOR CERTIFICATION. (a) An applicant for certification must file the application in the form prescribed by the comptroller. The application must be accompanied by a nonrefundable application fee of $7,500.
(b) The application must include an audited balance sheet of the applicant, with an unqualified opinion from an independent certified public accountant, as of a date not more than 35 days before the date of the application.
Added by Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 1B.001, eff. April 1, 2009.
Structure Texas Statutes
Title 3 - Department Funds, Fees, and Taxes
Subtitle B - Insurance Premium Taxes
Chapter 228 - Premium Tax Credit for Certain Investments
Subchapter C. Application for and General Operation of Certified Capital Companies
Section 228.101. Application for Certification
Section 228.102. Qualification
Section 228.103. Management by and Certain Ownership Interests of Insurance Entities Prohibited
Section 228.104. Action on Application
Section 228.105. Continuation of Certification
Section 228.106. Reports to Comptroller; Audited Financial Statement
Section 228.107. Renewal Fee; Late Fee; Exception
Section 228.108. Offering Material Used by Certified Capital Company