Tex. Insurance Code § 651.053
This is the official text of Tex. Insurance Code § 651.053, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
§ 651.053. ENTITLEMENT OF BANKS AND SAVINGS AND LOAN ASSOCIATIONS TO LICENSE.
Official statutory text
(a) A bank or a savings and loan association is entitled to receive a license under this subchapter if the bank or savings and loan association:
(1) is engaging in business under the laws of this state or the United States; and
(2) notifies the department of its intention to operate under this chapter.
(b) On receipt of notice under Subsection (a)(2), the department shall immediately issue a license to the bank or savings and loan association.
(1) is engaging in business under the laws of this state or the United States; and
(2) notifies the department of its intention to operate under this chapter.
(b) On receipt of notice under Subsection (a)(2), the department shall immediately issue a license to the bank or savings and loan association.
Status: in_force · Read it on the official government site
Need a lawyer in Texas?
Find a Texas lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.