SECTION 25.29. Name Change

(a) A licensee may change the name of the licensed insurance premium finance company by filing a supplemental application, Form PF1A, with the Department not less than 30 days prior to name change. The application shall include the following as applicable:

(1) List of Principals (Form PF2);

(2) Current insurance premium finance company license;

(3) $20 processing fee;

(4) Amended Appointment of Statutory Agent and Consent to Service (Form PF6);

(5) A copy of the notice to be mailed to all insureds notifying of the change of name. This notice must be approved by the Texas Department of Insurance prior to mailing and must include the old name, proposed new name, effective date, physical address, mail address and phone number;

(6) Current Franchise Tax Certificate of Good Standing or letter of exemption issued by the Texas Comptroller of Public Accounts;

(7) A copy of the amendment to the Articles of Incorporation or Organization complete with original certification from the office of the Secretary of State or the equivalent office in other states;

(8) A certified copy of amendment to the Bylaws;

(9) A certified copy of the resolution minutes authorizing the name change;

(10) Certified copy of Assumed Name Certificate as on file with the County Clerk(s) and/or Secretary of State;

(11) A certified copy of the amendment to the partnership agreement authorizing the name change.

(b) The name of the insurance premium finance company shall not be so similar to that of any other insurance premium finance company as to be likely to mislead the public.

(c) All business forms used in accordance with §25.31 of this title (relating to Insurance Premium Business Operation Forms) shall be submitted to the Department within 30 days to show the effective name change.

Source Note: The provisions of this §25.29 adopted to be effective May 17, 1995, 20 TexReg 3337.