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Texas Insurance Code - INS § 651.053. Entitlement of Banks and Savings and Loan Associations to License

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) A bank or a savings and loan association is entitled to receive a license under this subchapter if the bank or savings and loan association:

(1) is engaging in business under the laws of this state or the United States;  and

(2) notifies the department of its intention to operate under this chapter.

(b) On receipt of notice under Subsection (a)(2), the department shall immediately issue a license to the bank or savings and loan association.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 651.053. Entitlement of Banks and Savings and Loan Associations to License - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-651-053/

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