APPLICATION

(a) To issue insurance policies under this chapter, a Mexican casualty insurance company must file with the department an application for a certificate of authority under this chapter. (b) The application must be: (1) in writing; (2) accompanied by a correct English translation of the company's charter and bylaws; and (3) certified by: (A) two of the company's principal officers; and (B) the insurance regulatory officials under whose supervision the company operates in the United Mexican States. (c) Before the department issues a certificate of authority under this chapter to a Mexican casualty insurance company, the company must file with the department: (1) a photostatic copy of any license held by the company to engage in the business of insurance in the United Mexican States; (2) a copy of the company's most recent financial reports or statements; and (3) a copy of the most recent examination reports of the company's affairs and financial condition by the insurance regulatory authorities under which the company operates in the United Mexican States.