Texas Administrative Code
Title 28 - INSURANCE
Part 1 - TEXAS DEPARTMENT OF INSURANCE
Chapter 6 - CAPTIVE INSURANCE
Subchapter B - CAPTIVE MANAGEMENT COMPANIES
Section 6.101 - Registration of Captive Management Companies
Universal Citation: 28 TX Admin Code § 6.101
Current through Reg. 50, No. 13; March 28, 2025
(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.
Disclaimer: These regulations may not be the most recent version. Texas may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
