Sec. 651.054. APPLICATION FOR LICENSE; INVESTIGATION FEE; EXEMPTION. (a) An application for a license to engage in the business of insurance premium financing must: (1) be in writing on a form prescribed by the commissioner; and (2) be accompanied by a nonrefundable investigation fee in an amount not to exceed $400 as established by the department. (b) A person who on January 1, 1980, held a license under Chapter 3, Title 79, Revised Statutes (Article 5069-3.01 et seq., Vernon's Texas Civil Statutes), is not required to pay an investigation fee. (c) Section 201.001 applies to fees collected under this section.
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