This is a clone of the Texas Administrative Code (TAC) for educational purposes. It is not the official version and should not be used for legal purposes. Site created Wed, 21 May 2025 21:16:50 GMT
(a) A premium finance license is required if a person:(1) makes loans by entering into premium finance agreements with insureds and prospective insureds;(2) acquires premium finance agreements from insurance agents, brokers, or other premium finance companies; or(3) holds premium finance agreements made and delivered by insureds payable to the person or his order.(b) A premium finance license is not required if a person is a properly licensed local recording agent and finances premiums in accordance with the Insurance Code, Article 24.20.