Tex. Insurance Code § 281.003
EXCEPTION
Texas · Texas Insurance Code · Status: effective
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- Citation
- Tex. Insurance Code § 281.003, EXCEPTION, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/677278
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Full text
This subchapter does not apply to a person, company, firm, association, group, corporation, or insurance organization of any kind from another state that engages in business in this state if:
(1) at least 15 percent of the voting stock of the person, company, firm, association, group, corporation, or insurance organization is owned by a corporation organized under the laws of and domiciled in this state; and
(2) the person, company, firm, association, group, corporation, or insurance organization met the requirements of Subdivision (1) before January 30, 1957.