Texas Filings Required for Premium Finance Application for Change of Ownership (Schedule D) includes two types of filings. The first filing is a Notice of Assignment, which is an official document that must be filed with the Texas Department of Insurance (TDI) to inform them of a change in ownership for a premium finance company. The Notice of Assignment must be signed by the new owner or the assignee and include the name of the premium finance company, the ownership information, the effective date of the assignment, and any other relevant information. The second filing is an Application for Authority to do Business (Schedule D). This application must be completed and submitted to the TDI in order to obtain the necessary authorization to operate a premium finance company in the State of Texas. The Schedule D application requires the company to provide information about its ownership, its management, its business structure, its financial information, and its policies and procedures. It must also include a bond or letter of credit to guarantee payment of any premiums financed. Once both the Notice of Assignment and the Application for Authority to do Business (Schedule D) are received and approved by the TDI, the change of ownership for the premium finance company will be official.
Texas Filings Required for Premium Finance Application for Change of Ownership (Schedule D)
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How to fill out Texas Filings Required For Premium Finance Application For Change Of Ownership (Schedule D)?
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