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. 651.063. TERM OF LICENSE
Latest version.
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Unless a staggered renewal system is adopted under Section 651.065, a license is issued for the calendar year and remains valid until December 31 of that year, unless suspended, revoked, or surrendered in accordance with Section 651.204 or 651.206.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005.