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 21:16:49 GMT
(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.