Sec. 651.054. APPLICATION FOR LICENSE; INVESTIGATION FEE; EXEMPTION. (a) An application for a license to engage in the business of insurance premium financing must:
(1) be in writing on a form prescribed by the commissioner; and
(2) be accompanied by a nonrefundable investigation fee in an amount not to exceed $400 as established by the department.
(b) A person who on January 1, 1980, held a license under Chapter 3, Title 79, Revised Statutes (Article 5069-3.01 et seq., Vernon's Texas Civil Statutes), is not required to pay an investigation fee.
(c) Section 201.001 applies to fees collected under this section.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005.
Structure Texas Statutes
Title 5 - Protection of Consumer Interests
Subtitle E - Premium Financing
Chapter 651 - Financing of Insurance Premiums
Subchapter B. Authority to Engage in Business
Section 651.051. License Required
Section 651.053. Entitlement of Banks and Savings and Loan Associations to License
Section 651.054. Application for License; Investigation Fee; Exemption
Section 651.055. Refusal to Issue License
Section 651.056. Notice of Action on Application
Section 651.057. Issuance of License
Section 651.058. Reciprocal License
Section 651.059. Issuance of Multiple Licenses
Section 651.060. Single Business Location Authorized by License
Section 651.061. Appearance of License; Posting
Section 651.062. Transfer or Assignment of License Prohibited
Section 651.063. Term of License