1. (a) An applicant for an insurance premium finance company license shall file an application Form PF1 with the Department. The application shall include the following as applicable:

   1. (1) List of Principals (Form PF2);
   2. (2) Premium Finance Application Questionnaire (Form PF3);
   3. (3) Biographical Affidavit (Form PF4) for each individual named on Form PF2;
   4. (4) General statement of experience giving applicant's qualifications;
   5. (5) List of Other States of Licensure (Form PF5);
   6. (6) Appointment of Statutory Agent and Consent to Service (Form PF6);
   7. (7) Sworn financial statement;
   8. (8) Sample Business Operation forms;
   9. (9) $400 Investigation Fee;
   10. (10) Partnership agreement;
   11. (11) Certified copy of Assumed Name Certificate as on file with the County Clerk(s) and/or Secretary of State;
   12. (12) Originally certified copy of Articles of Incorporation from the Office of the Secretary of State or equivalent office in another state;
   13. (13) Certified copy of Bylaws;
   14. (14) Certified copy of Minutes;
   15. (15) Current Franchise Tax Certificate of Good Standing or letter of exemption issued by the Texas Comptroller of Public Accounts;
   16. (16) Certified copy of Certificate of Authority issued by the Texas Secretary of State (foreign corporations only).

2. (b) Upon notification by the Department of approval of the application, the applicant shall submit a license fee as indicated in paragraphs (1) and (2) of this subsection:

   1. (1) Licenses issued January 1 through June 30--$200;
   2. (2) Licenses issued July 1 through December 31--$100.

Source Note:The provisions of this §25.24 adopted to be effective May 17, 1995, 20 TexReg 3337.