Tex. Insurance Code § 984.052
This is the official text of Tex. Insurance Code § 984.052, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 984.052. APPLICATION.
Official statutory text
(a) To issue insurance policies under this chapter, a Mexican casualty insurance company must file with the department an application for a certificate of authority under this chapter.
(b) The application must be:
(1) in writing;
(2) accompanied by a correct English translation of the company's charter and bylaws; and
(3) certified by:
(A) two of the company's principal officers; and
(B) the insurance regulatory officials under whose supervision the company operates in the United Mexican States.
(c) Before the department issues a certificate of authority under this chapter to a Mexican casualty insurance company, the company must file with the department:
(1) a photostatic copy of any license held by the company to engage in the business of insurance in the United Mexican States;
(2) a copy of the company's most recent financial reports or statements; and
(3) a copy of the most recent examination reports of the company's affairs and financial condition by the insurance regulatory authorities under which the company operates in the United Mexican States.
(b) The application must be:
(1) in writing;
(2) accompanied by a correct English translation of the company's charter and bylaws; and
(3) certified by:
(A) two of the company's principal officers; and
(B) the insurance regulatory officials under whose supervision the company operates in the United Mexican States.
(c) Before the department issues a certificate of authority under this chapter to a Mexican casualty insurance company, the company must file with the department:
(1) a photostatic copy of any license held by the company to engage in the business of insurance in the United Mexican States;
(2) a copy of the company's most recent financial reports or statements; and
(3) a copy of the most recent examination reports of the company's affairs and financial condition by the insurance regulatory authorities under which the company operates in the United Mexican States.
Status: in_force · Read it on the official government site
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