(a) When there is an anticipated change in ownership of an insurance premium finance company, the new owner shall submit the following as applicable:
  (1) Supplemental Application for an insurance premium finance company license (Form PF1A);
  (2) List of Principals (Form PF2);
  (3) Premium Finance Application Questionnaire (Form PF3);
  (4) Biographical Affidavit (Form PF4) on all NEW individuals named on Form PF2;
  (5) List of Other States of Licensure (Form PF5);
  (6) Appointment of Statutory Agent and Consent to Service (Form PF6);
  (7) Sworn financial statement;
  (8) $200 investigation fee;
  (9) A copy of the contract of sale establishing refund and fee liability;
  (10) Certified copy of Assumed Name Certificate as on file with the County Clerk(s) and/or Secretary of State;
  (11) A copy of the resolution minutes authorizing the change of ownership;
  (12) Current Franchise Tax Certificate of Good Standing or letter of exemption issued by the Texas Comptroller of Public Accounts;
  (13) Partnership agreement.
(b) When there is a change in ownership of an insurance premium finance company resulting in no new owners, the following requirements may be omitted:
  (1) Biographical Affidavit (Form PF4) on all NEW individuals named on Form PF2;
  (2) $200 investigation fee.

Source Note: The provisions of this §25.28 adopted to be effective May 17, 1995, 20 TexReg 3337.