1. (a) A captive management company may not provide administrative services to a captive insurance company prior to obtaining the commissioner's written approval of its registration as a captive management company.

2. (b) An individual may not provide administrative services or be registered to provide such services unless the individual is:

   1. (1) a member of the governing body or officer of the captive insurance company; or
   2. (2) an employee of the captive insurance company or an affiliate.

3. (c) To register as a captive management company, the entity must submit the following information to the department in manner that is acceptable to the department:

   1. (1) the name of the entity;
   2. (2) the entity's federal employer identification number;
   3. (3) information regarding the location and means of contacting the entity; and
   4. (4) the name and biographical information, including fingerprints, of a designated responsible party, who qualifies under §6.103 of this title (relating to Designated Responsible Party), and who will be the contact for the department.
4. (d) The department may provide a form the registrant can use to comply with this section.

Source Note:The provisions of this §6.101 adopted to be effective April 27, 2014, 39 TexReg 3232.