Tex. Insurance Code § 823.004
CLASSIFICATION AS COMMERCIALLY DOMICILED INSURER
Texas · Texas Insurance Code · Status: effective
Cite this
- Citation
- Tex. Insurance Code § 823.004, CLASSIFICATION AS COMMERCIALLY DOMICILED INSURER, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/679015
- Permanent ID
ys:prov:679015@1- SHA-256
571c4f4fb7f1679b4f9d3480aa94573e27b64e2859b631b4c7d4fc8266390e24
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) For purposes of this chapter, a foreign or alien insurer authorized to engage in the business of insurance in this state is a commercially domiciled insurer if during the period described by Subsection (b) the average of the gross premiums written by the insurer in this state is:
(1) more than the average of the gross premiums written by the insurer in its state of domicile; and
(2) 30 percent or more of the total gross premiums written by the insurer in the United States, as reported in its three most recent annual statements.
(b) The period applicable to Subsection (a) is:
(1) the three most recent fiscal years of the insurer that precede the fiscal year in which the determination under this section is made; or
(2) if the insurer has been authorized to engage in the business of insurance in this state for less than the period described by Subdivision (1), the period for which the insurer has been authorized to engage in the business of insurance in this state.