Texas § IN.651.055 - REFUSAL TO ISSUE LICENSE
Full text of Texas The Texas Constitution § IN.651.055 — REFUSAL TO ISSUE LICENSE, with citation guidance and answers to common questions.
§ IN.651.055. REFUSAL TO ISSUE LICENSE
REFUSAL TO ISSUE LICENSE. The department may refuse to issue a license to an applicant if the department determines that: (1) the financial responsibility, experience, character, or general fitness of the applicant or any person associated with the applicant does not command the confidence of the community and does not warrant the belief that the applicant will engage in the business of insurance premium financing honestly, fairly, and efficiently; or (2) the applicant does not have available for the operation of the business net assets of at least $25,000. Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005.
Frequently Asked Questions About Texas § IN.651.055
What does The Texas Constitution § IN.651.055 cover?
Section IN.651.055 ("REFUSAL TO ISSUE LICENSE") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § IN.651.055?
A common citation format is "The Texas Constitution § IN.651.055" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § IN.651.055 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.