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TITLE 28 - INSURANCE
PART 1 - TEXAS DEPARTMENT OF INSURANCE
CHAPTER 6 - CAPTIVE INSURANCE
SUBCHAPTER B - CAPTIVE MANAGEMENT COMPANIES
SECTION/RULE §6.101 - Registration of Captive Management Companies
Chapter Review Date 06/08/2021

(a) A captive management company may not provide administrative services to a captive insurance company prior to obtaining the commissioner's written approval of its registration as a captive management company.(b) An individual may not provide administrative services or be registered to provide such services unless the individual is:(1) a member of the governing body or officer of the captive insurance company; or(2) an employee of the captive insurance company or an affiliate.(c) To register as a captive management company, the entity must submit the following information to the department in manner that is acceptable to the department:(1) the name of the entity;(2) the entity's federal employer identification number;(3) information regarding the location and means of contacting the entity; and(4) the name and biographical information, including fingerprints, of a designated responsible party, who qualifies under §6.103 of this title (relating to Designated Responsible Party), and who will be the contact for the department.(d) The department may provide a form the registrant can use to comply with this section.

Source Note: The provisions of this §6.101 adopted to be effective April 27, 2014, 39 TexReg 3232.

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