Texas § IN.4151.053 - APPROVAL OF APPLICATION
Full text of Texas The Texas Constitution § IN.4151.053 — APPROVAL OF APPLICATION, with citation guidance and answers to common questions.
§ IN.4151.053. APPROVAL OF APPLICATION
APPROVAL OF APPLICATION. The commissioner shall approve an application for a certificate of authority to engage in business in this state as an administrator if the commissioner is satisfied that: (1) granting the application would not violate a federal or state law; (2) the financial condition of the applicant or of each person who would operate or control the applicant is such that granting a certificate of authority would not be adverse to the public interest; (3) the applicant has not attempted to obtain the certificate of authority through fraud or bad faith; (4) the applicant has complied with this chapter and rules adopted by the commissioner under this chapter; and (5) the name under which the applicant will engage in business in this state is not so similar to that of another administrator or insurer that it is likely to mislead the public. Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.
Frequently Asked Questions About Texas § IN.4151.053
What does The Texas Constitution § IN.4151.053 cover?
Section IN.4151.053 ("APPROVAL OF APPLICATION") 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.4151.053?
A common citation format is "The Texas Constitution § IN.4151.053" (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.4151.053 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.