Tex. Insurance Code § 801.051
This is the official text of Tex. Insurance Code § 801.051, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 801.051. APPROVAL, DENIAL, OR DISAPPROVAL OF APPLICATION FOR CERTIFICATE; ELIGIBILITY; HEARING.
Official statutory text
(a) The department shall approve, deny, or disapprove an application for a certificate of authority to act as an insurer.
(b) If the department determines that the applicant has complied with the law, the department shall approve the application and issue under the department's seal a certificate of authority to act as an insurer.
(c) On the applicant's request, the commissioner shall hold a hearing on a denial. Not later than the 30th day after the date of the applicant's request for a hearing, the commissioner shall request a hearing date.
(b) If the department determines that the applicant has complied with the law, the department shall approve the application and issue under the department's seal a certificate of authority to act as an insurer.
(c) On the applicant's request, the commissioner shall hold a hearing on a denial. Not later than the 30th day after the date of the applicant's request for a hearing, the commissioner shall request a hearing date.
Status: in_force · Read it on the official government site
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