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Texas Premium Finance Renewal Application (Form PF1C)

Texas Premium Finance Renewal Application (Form PF1C)

Name: Texas Premium Finance Renewal Application (Form PF1C)
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.76 (427 reviews)

Category:

Texas Workers Compensation - Self Insurance Regulation

State:

Texas

Control #:

TX-FIN163-PF1C

Format:

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Description

Premium Finance Renewal Application (Form PF1C) The Texas Premium Finance Renewal Application (Form PF1C) is a form used to renew a premium finance agreement in the state of Texas. It is issued by the Texas Department of Insurance (TDI) and is available in two versions: the standard and the electronic version. The standard version is a physical form that must be completed and submitted to the TDI by mail or in person. The electronic version is an online form that can be completed and submitted online. The Texas Premium Finance Renewal Application (Form PF1C) is used to renew an existing premium finance agreement with a licensed Premium Finance Company (PFC) in Texas. It is used to provide updated information such as the insured's name, address, policy number, loan amount, financing rate, and payment plan. Additionally, the form must be signed by the insured and the PFC in order to be valid. The Texas Premium Finance Renewal Application (Form PF1C) is an important document for individuals and businesses who have a premium finance agreement in Texas. It must be completed accurately and submitted to the TDI in order for the agreement to be renewed.

The Texas Premium Finance Renewal Application (Form PF1C) is a form used to renew a premium finance agreement in the state of Texas. It is issued by the Texas Department of Insurance (TDI) and is available in two versions: the standard and the electronic version. The standard version is a physical form that must be completed and submitted to the TDI by mail or in person. The electronic version is an online form that can be completed and submitted online. The Texas Premium Finance Renewal Application (Form PF1C) is used to renew an existing premium finance agreement with a licensed Premium Finance Company (PFC) in Texas. It is used to provide updated information such as the insured's name, address, policy number, loan amount, financing rate, and payment plan. Additionally, the form must be signed by the insured and the PFC in order to be valid. The Texas Premium Finance Renewal Application (Form PF1C) is an important document for individuals and businesses who have a premium finance agreement in Texas. It must be completed accurately and submitted to the TDI in order for the agreement to be renewed.

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How to fill out Texas Premium Finance Renewal Application (Form PF1C)?

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FAQ

There are several ways to renew your license: If you have more than 30 days to renew, use Sircon ($8.25 to process), National Insurance Producer Registry ($5 to process), or Texas.gov (no charge to process)

In Texas, insurance licenses expire every two years. The expiration will be on your date of birth, biennially, based on the anniversary of your original license year.

Renewal Period: Ninety (90) days prior to expiration date up to expiration date. Late Renewal Period: Up to eighty-nine (89) days after expiration date. Reinstatement Period: Begins ninety-one (91) days after expiration date.

The Texas Department of Insurance (TDI) requires most types of Texas insurance agents to complete 24 hours of continuing education to renew their license before expiration. Since your license needs renewing every two years, that means you need to take 24 hours biennially.

To keep your license in good standing, you must take 24 hours of continuing education every two years.

Premium financing is mainly devoted to financing life insurance which differs from property and casualty insurance. To finance a premium, the individual or company requesting insurance must sign a premium finance agreement with the premium finance company.

There is no continuing education ?grace period.? Once the expiration date has passed, a violation exists. You must complete all required CE hours and pay any fines or fees before you can renew your license. The fine for not doing the required continuing education is $50 per deficient hour and up to $500.00.

More info

Completed Renewal Application (FIN163, Form PF1C). Documentation of Active Franchise Tax Account Status.FIN163, PF1C, Premium Finance Renewal Application (Form PF1C) Premium Finance Renewal Application Form, required if renewing or not renewing, PDF, English. Download Premium Finance Renewal Application (Form PF1C (FIN163, PF1C) – Insurance (Texas) form. Easy to use and ready to print;; Quick to customize;; Compatible with most PDF-viewing applications;; Fill out the form in our online filing application. This form needs to be submitted only once per company, regardless of the number of NMLS participating states in which you are licensed. Renewal submissions are not complete until both the application and payment has been received. Checklist for Renewal Application. Questions? (2) FORM PF1A--Premium Finance Supplemental Application (for additional location, relocation, name change and ownership change).

Texas Premium Finance Renewal Application (Form PF1C)

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