28 Tex. Admin. Code § 15.3 – Licensing of Surplus Lines Agents

(a) Application procedure for issuance of surplus agent's license. Before any surplus lines agent's license shall be issued and before each renewal thereof, the following requirements must be completed by an applicant seeking a surplus lines license.
1. (1) Appropriate written application shall be filed by the applicant upon one of the following forms:
  1. (A) F-SBI-SL-2A--Surplus Lines License Application for Individual or Partnership;
  2. (B) F-SBI-SL-2B--Corporate Application for Surplus Lines License.
2. (2) The fee specified by §19.802 of this title (relating to Amounts of Fees) shall be submitted for each license in check or money order made payable to the State Board of Insurance. No diminution of the license fee shall occur as to any license effective after January 1 of any year.
3. (3) The appropriate application forms shall be submitted together with a surety bond executed on Form F-SBI-SL-3 in the amount of $50,000 or alternatively offer documentary proof of financial solvency as required in the Insurance Code, Article 1.14-2, §2(2), and as hereinafter set forth in §15.4 of this title (relating to Proof of Agent's Financial Solvency).
(b) Renewal of license. Every surplus lines license issued to an agent shall be valid for a term expiring two years after the date of issuance unless an original application to qualify for the renewal of any such license shall be filed prior to expiration date with the commissioner together with the fee and evidence of financial solvency for the renewal term of the license in accordance with §15.4 of this title (relating to Proof of Agent's Financial Solvency).
(c) Certificates of license. The commissioner of insurance will execute and issue a numbered certificate of license on Form F-SBI-SL-1 as evidence of the issuance of a surplus lines agent's license to an applicant qualified by law and under these sections relating to surplus lines insurance. The license shall be subject to the terms and conditions of the license as stated on the prescribed certificate of license form.

Source Note:The provisions of this §15.3 adopted to be effective January 1, 1976; amended to be effective March 15, 1981, 6 TexReg 770; amended to be effective April 27, 1984, 9 TexReg 2083; amended to be effective March 23, 1992, 17 TexReg 1733.