28 Tex. Admin. Code § 7.502 - General Requirements
The applicant is required to comply with the following.
(1) Fees. Submit such other
fees as are required by law.
(2)
Certificate of authority. The applicant must submit an application for a
certificate of authority. The commissioner of insurance will provide forms for
this purpose (see §
7.507(a) of this
title (relating to Forms Incorporated by Reference)). The applicant must submit
a certified copy of the certificate of authority issued by its state of
domicile.
(3) Documents required by
law. The applicant must submit all documents required by law. The commissioner
will provide a listing of these documents.
(4) Financial condition. The applicant must
satisfy the agency that its financial condition is such that it meets the
requirements of applicable law. The commissioner will provide a listing of
these requirements. It also must submit the latest examination report certified
under original seal by the proper state official of its home state.
(5) Officers, directors, and other
executives. The applicant must submit information which demonstrates in a
credible fashion that its officers, directors, and other executives are fit,
competent, and possess a good reputation such that the officers, directors, and
other executives meet the requirements of law. The commissioner will provide
forms to the applicant to be completed to facilitate this purpose (see §
7.507(b) of this
title (relating to Forms Incorporated by Reference)).
(6) Agent for service. The applicant must
appoint, if required by law, an agent in Texas for acceptance on its behalf of
service of process in any legal action in which it is involved. The
commissioner will provide forms for this purpose (see §
7.507(c) of this
title (relating to Forms Incorporated by Reference)).
(7) Certification of deposit. The applicant
must submit a certification of deposits held by any other state where
applicable and required by law.
(8)
Plan of operation in Texas. The applicant must submit a detailed written
statement of its plan for operation in Texas.
Notes
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