SECTION 6.303. Captive Insurance Company Biographical Information

(a) With the initial captive insurance company application, and within 30 days of employment, contract, or other association with the captive insurance company, or attorney in fact, the following individuals must complete a biographical affidavit and submit it to the department:

(1) with the exception of functions provided by a captive management company, individuals, including individual representatives of the attorney in fact, who oversee the management of the captive insurance company, including the following functions, must complete a biographical affidavit addressing:

(A) risk management;

(B) financial reporting;

(C) underwriting;

(D) claims; and

(E) investments;

(2) members of the governing body; and

(3) corporate officers.

(b) Biographical affidavits required of individuals under subsection (a) of this section must include the following information and disclosures:

(1) the affiant's current name and any names the individual may have used in the past, social security number, date of birth, and current mailing addresses, phone numbers, email addresses;

(2) the name and address of the captive insurance company;

(3) the affiant's position or title at the captive insurance company;

(4) information regarding the affiant's education, memberships in professional organizations, and any professional, occupational, or vocational licenses held;

(5) the affiant's employment history for the previous 10 years; and

(6) the affiant's fidelity bond coverage history, criminal history, and ownership or control of entities involved in the business of insurance.

Source Note: The provisions of this §6.303 adopted to be effective April 27, 2014, 39 TexReg 3232; amended to be effective December 30, 2018, 43 TexReg 8432