1. (a) When there is an anticipated change in ownership of an insurance premium finance company, the new owner shall submit the following as applicable:

   1. (1) Supplemental Application for an insurance premium finance company license (Form PF1A);
   2. (2) List of Principals (Form PF2);
   3. (3) Premium Finance Application Questionnaire (Form PF3);
   4. (4) Biographical Affidavit (Form PF4) on all NEW individuals named on Form PF2;
   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) $200 investigation fee;
   9. (9) A copy of the contract of sale establishing refund and fee liability;
   10. (10) Certified copy of Assumed Name Certificate as on file with the County Clerk(s) and/or Secretary of State;
   11. (11) A copy of the resolution minutes authorizing the change of ownership;
   12. (12) Current Franchise Tax Certificate of Good Standing or letter of exemption issued by the Texas Comptroller of Public Accounts;
   13. (13) Partnership agreement.

2. (b) When there is a change in ownership of an insurance premium finance company resulting in no new owners, the following requirements may be omitted:

   1. (1) Biographical Affidavit (Form PF4) on all NEW individuals named on Form PF2;
   2. (2) $200 investigation fee.

Source Note:The provisions of this §25.28 adopted to be effective May 17, 1995, 20 TexReg 3337.