(a) Notice to applicant. Within 15 days from receipt of an application for an insurance premium finance license, the agency shall determine an application to be complete or deficient and shall immediately issue written notice to the applicant regarding the status of the application.
  (1) Complete application.
    (A) The written notice for a complete application shall state that the application is complete and accepted for filing and shall include the information contained in subsection (b) of this section unless such information has previously been furnished to the applicant.
    (B) For purposes of this section, an application is complete upon agency determination that it is in compliance with the content and form prescribed by the agency.
  (2) Deficient application.
    (A) The written notice for a deficient application shall state that the application is not complete, shall set out the specific additional information that is required for completion, and shall include the information contained in subsection (c) of this section. After one written notice of deficiency has been issued, another is not required for an application resubmitted in whole or in part with deficiencies.
    (B) In addition to notice issued under subparagraph (A) of this paragraph, the agency may notify the applicant, in any manner, of deficiencies in the application.
(b) Processing of application. Within 90 days after receipt of an application, the agency shall notify the applicant that:
  (1) the application has been approved and a license will be issued on payment of the appropriate license fee; or
  (2) the application has been denied.
(c) Application denied. An application which is not complete within 90 days from the date of its original receipt shall be denied.

Source Note: The provisions of this §1.810 adopted to be effective January 10, 1989, 14 TexReg 114.