A bank or savings and loan association applying for an insurance premium finance license shall file Form PF1B with the Department. The application shall include the following as applicable.

1. (1) Copy of Charter issued by the State Banking Department or by the Comptroller of Currency.
2. (2) Franchise Tax Certificate of Good Standing or letter of exemption issued by the Texas Comptroller of Public Accounts.
3. (3) $200 License Fee.

Source Note:The provisions of this §25.23 adopted to be effective May 17, 1995, 20 TexReg 3337.