1. (a) An applicant for an insurance premium finance company license must file an application Form PF1 with TDI. The application must 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 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; and
   16. (16) Certified copy of Certificate of Authority issued by the Texas Secretary of State (foreign corporations only).

2. (b) Except as provided by subsection (d) of this section, on notification by TDI of approval of the application, the applicant must submit a license fee as follows:

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

3. (c) Military spouses who are licensed in a state with substantially equivalent requirements to those of this state are eligible for a license while the military service member to whom the military spouse is married is stationed at a military installation in this state. This license is effective for a period of three years from the date the spouse receives confirmation from the Texas Department of Insurance of receipt of the items described by this subsection. The military spouse must:

   1. (1) submit an application notifying TDI of the military spouse's intent to operate under the license in Texas;
   2. (2) submit to TDI proof of the military spouse's residency in Texas and a copy of the spouse's military identification card; and
   3. (3) show evidence of good standing from the jurisdiction with substantially equivalent requirements to the requirements of this state.
4. (d) A military spouse will not be assessed any application fees under this section.

Source Note:The provisions of this §25.24 adopted to be effective May 17, 1995, 20 TexReg 3337; amended to be effective February 6, 2020, 45 TexReg 914.