A Texas Biographical Affidavit for Captive Insurance Company is a legal document that is signed by the applicant seeking to become a member of the captive insurance company. This document provides information regarding the applicant’s identity, their background, and their fitness to be a member of the company. The affidavit is filed with the Texas Department of Insurance and is used to verify the applicant’s identity, their financial capacity, and their willingness to comply with all applicable laws and regulations. There are two types of Texas Biographical Affidavit for Captive Insurance Company: the Standard Biographical Affidavit and the Enhanced Biographical Affidavit. The Standard Biographical Affidavit requires the applicant to provide their name, address, date of birth, Social Security number, and other basic information. The Enhanced Biographical Affidavit requires additional information such as the applicant’s net worth, their business experience and qualifications, and any criminal or civil proceedings involving the applicant. Both types of affidavits must be signed by the applicant and notarized.