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Texas Statutes (Last Updated: January 4, 2014) |
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INSURANCE CODE |
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Title 5. PROTECTION OF CONSUMER INTERESTS |
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Subtitle E. PREMIUM FINANCING |
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Chapter 651. FINANCING OF INSURANCE PREMIUMS |
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Subchapter B. AUTHORITY TO ENGAGE IN BUSINESS |
Sec. 651.064. PROCEDURE FOR LICENSE RENEWAL
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(a) A license holder may renew an unexpired license by paying the required renewal fee to the department.
(b) A person whose license has been expired for 90 days or less may renew the license by paying to the department:
(1) the required renewal fee; and
(2) an additional fee equal to one-half of the original license fee.
(c) A person whose license has been expired for more than 90 days but less than two years may renew the license by paying to the department:
(1) all unpaid renewal fees; and
(2) an additional fee equal to the original license fee.
(d) A person whose license has been expired for two years or more may not renew the license. The person may obtain a new license by complying with the requirements and procedures for obtaining an original license.
(e) Not later than the 30th day before the date a person's license expires, the department shall send written notice of the impending license expiration to the person at the person's last known address.
(f) This section may not be construed to prevent the department from denying or refusing to renew a license under an applicable law or a rule adopted by the commissioner.