Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
Title 5. PROTECTION OF CONSUMER INTERESTS |
Subtitle E. PREMIUM FINANCING |
Chapter 651. FINANCING OF INSURANCE PREMIUMS |
Subchapter B. AUTHORITY TO ENGAGE IN BUSINESS |
Sec. 651.056. NOTICE OF ACTION ON APPLICATION
Latest version.
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Not later than the 90th day after the date the department receives an application under Section 651.054, the department shall notify the applicant that:
(1) the application has been approved and the department will issue a license to the applicant on payment of the required license fee; or
(2) the application has been denied.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005.