Tex.
Ins. Code Section 984.052
Application
(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.
Source:
Section 984.052 — Application, https://statutes.capitol.texas.gov/Docs/IN/htm/IN.984.htm#984.052 (accessed Apr. 20, 2024).
