To comply with Insurance Code §964.062, the captive insurance company must submit any proposed change of information in its formation documents to the department and request approval of the change in advance. If the commissioner approves the change, the department will notify the captive insurance company in writing. Submission to the department is not a filing with the Texas Secretary of State, and the commissioner's approval does not constitute acceptance or affect any review of the proposed amendment by the Texas Secretary of State.

Source Note: The provisions of this §6.307 adopted to be effective April 27, 2014, 39 TexReg 3232