# Tex. Insurance Code § 651.051: LICENSE REQUIRED

> Texas · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C651_S651.051

## Section

- **Citation:** Tex. Insurance Code § 651.051
- **Heading:** LICENSE REQUIRED
- **Jurisdiction:** Texas
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** TX Code / Code in / Chapter 651 / Section 651.051

## Text

(a) Unless the person is a license holder, a person may not:

(1) negotiate, transact, or engage in the business of insurance premium financing in this state; or

(2) contract for, charge, or receive directly or indirectly on or in connection with an insurance premium financing any charge, regardless of whether the charge is for interest, compensation, consideration, expense, or otherwise, if in the aggregate the amount of the charge exceeds the amount the person would be permitted by law to charge if the person were not a license holder.

(b) This subchapter does not apply to a person who purchases or otherwise acquires a premium finance agreement from a license holder if the license holder:

(1) retains the right to service the agreement and to collect payments due under the agreement; and

(2) remains responsible for servicing the agreement in compliance with this chapter.

## Nearby sections

- [Tex. Insurance Code § 651.001 § 651.001. DEFINITIONS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C651_S651.001.md)
- [Tex. Insurance Code § 651.002 § 651.002. CERTAIN CONDUCT NOT ENGAGING IN BUSINESS AS INSURANCE PREMIUM FINANCE COMPANY.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C651_S651.002.md)
- [Tex. Insurance Code § 651.003 § 651.003. RULES.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C651_S651.003.md)
- [Tex. Insurance Code § 651.004 § 651.004. EMPLOYMENT OF EXAMINERS AND INVESTIGATORS; PAYMENT OF EXPENSES.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C651_S651.004.md)
- [Tex. Insurance Code § 651.005 § 651.005. DEPOSIT AND USE OF FEES.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C651_S651.005.md)
- [Tex. Insurance Code § 651.006 § 651.006. ASSESSMENTS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C651_S651.006.md)
- [Tex. Insurance Code § 651.007 § 651.007. APPLICABILITY OF CONSUMER CREDIT PROTECTION ACT AND REGULATION Z.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C651_S651.007.md)
- [Tex. Insurance Code § 651.008 § 651.008. AUTHORITY OF CERTAIN PROPERTY AND CASUALTY AGENTS TO CHARGE INTEREST TO CERTAIN PERSONS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C651_S651.008.md)
- [Tex. Insurance Code § 651.051 § 651.051. LICENSE REQUIRED.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C651_S651.051.md)
- [Tex. Insurance Code § 651.052 § 651.052. LICENSE FEE.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C651_S651.052.md)
- [Tex. Insurance Code § 651.053 § 651.053. ENTITLEMENT OF BANKS AND SAVINGS AND LOAN ASSOCIATIONS TO LICENSE.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C651_S651.053.md)
- [Tex. Insurance Code § 651.054 § 651.054. APPLICATION FOR LICENSE; INVESTIGATION FEE; EXEMPTION.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C651_S651.054.md)
- [Tex. Insurance Code § 651.055 § 651.055. REFUSAL TO ISSUE LICENSE.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C651_S651.055.md)
- [Tex. Insurance Code § 651.056 § 651.056. NOTICE OF ACTION ON APPLICATION.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C651_S651.056.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C651_S651.051. Check the current official text before relying on it. Not legal advice.