Texas Insurance Code 651.054 – Application for License; Investigation Fee; Exemption
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(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.
Terms Used In Texas Insurance Code 651.054
- in writing: includes any representation of words, letters, or figures, whether by writing, printing, or other means. See Texas Government Code 312.011
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
(c) Section 201.001 applies to fees collected under this section.