(a) Revisions during the review of the application must be addressed to: Company Licensing & Registration, Mail Code 305-2C, Texas Department of Insurance, P.O. Box 149104, Austin, Texas 78714-9104.
(b) Each revision to the basic organizational document, bylaws, or officers' and employees' bond must be accompanied by a certification of the corporate secretary or corporate president of the applicant that the revision submitted is true, accurate, and complete.
(c) The department will conduct examinations in connection with each application and notify the applicant of the need for revisions necessary to meet the requirements of Insurance Code Chapter 848, this subchapter, and applicable insurance laws and regulations of this state. If the applicant does not make the necessary revisions, the department may withdraw the application on behalf of the applicant. If the time required for the revisions will exceed the time limit provided in Insurance Code §848.056(c), the applicant must request additional time within which to make the revisions. The applicant must specifically state the length of time requested, which may not exceed 90 days. The request for any extension must describe the need for the additional time in writing in sufficient detail for the commissioner to determine if good cause for the extension exists. The applicant may request additional extensions. The commissioner has discretion to grant or deny the request for an extension of time under Insurance Code §848.056.

Source Note: The provisions of this §13.412 adopted to be effective March 31, 2013, 38 TexReg 2100