Tex. Ins. Code Section 911.056
Issuance of Permit to Solicit Insurance; Term

(a)

The department shall approve or deny an application for a permit to solicit insurance under Section 911.055 (Application for Permit to Solicit Insurance). If the department finds that the application complies with this chapter, the department shall issue to the applicants a permit to solicit insurance.

(a-1)

If the department finds that the application does not comply with this chapter, the department shall deny the application. 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)

A permit issued under this section authorizes the permit holders to solicit insurance on the mutual or cooperative plan in accordance with the terms of the application. The permit does not authorize the permit holders to:

(1)

issue insurance policies; or

(2)

pay losses.

(c)

A permit issued under this section is valid for six months. On receipt of an application for renewal and a fee in the amount of $10, the department may renew a permit issued under Section 911.055 (Application for Permit to Solicit Insurance) as frequently and for the period as the department determines necessary.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Amended by:
Acts 2009, 81st Leg., R.S., Ch. 1022 (H.B. 4291), Sec. 16, eff. June 19, 2009.

Source: Section 911.056 — Issuance of Permit to Solicit Insurance; Term, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­911.­htm#911.­056 (accessed Jun. 5, 2024).

911.001
Limited Exemption from Insurance Laws 911.002
General Rulemaking Authority 911.003
Fees 911.051
Applicability of Texas Non-profit Corporation Act 911.052
Formation of Company: Incorporation Required 911.053
Incorporation Requirements 911.054
Charter and Articles of Incorporation 911.055
Application for Permit to Solicit Insurance 911.056
Issuance of Permit to Solicit Insurance 911.057
Collection and Refund of Money from Certain Individuals Applying for Insurance 911.058
Membership Control of Company 911.059
Eligibility of Board of Directors 911.060
General Powers of Board of Directors 911.061
Authority to Borrow Money 911.062
Removal of Officer or Director 911.063
Creation of Local Chapters and Districts 911.064
Policyholder Meetings 911.065
Voting by Policyholder 911.066
Authority to Prohibit Waiver of Bylaws 911.067
Application for Extension of Charter for Certain Companies 911.101
Authority to Engage in Business 911.151
Kinds of Insurance Authorized 911.152
Property and Hazards Against Which Company May Not Insure 911.153
Contract Terms: Incorporation of Bylaws 911.154
Contract Terms: Adoption of Additional Provisions 911.155
Repair or Replacement of Insured Property 911.201
Payment of Premium or Assessment 911.202
Nonpayment of Premiums or Assessments: Filing of Action 911.203
Policyholder Liability 911.251
Licensing and Appointment of Certain Agents 911.301
General Operating Requirements 911.302
Location of Business 911.303
Reinsurance 911.304
Annual Reports Required 911.305
Examination of Company 911.306
Solvency Requirements 911.307
Reserve Requirements 911.308
Surplus Requirements
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Accessed:
Jun. 5, 2024

§ 911.056’s source at texas​.gov