Tex. Insurance Code § 823.153
CONTROLLER OF DOMESTIC INSURER CONSIDERED DOMESTIC INSURER
Texas · Texas Insurance Code · Status: effective
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- Citation
- Tex. Insurance Code § 823.153, CONTROLLER OF DOMESTIC INSURER CONSIDERED DOMESTIC INSURER, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/679052
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Full text
For purposes of this subchapter, any person who controls a domestic insurer is considered to be a domestic insurer unless:
(1) the assets of all insurance subsidiaries of the person are equal to less than 20 percent of the person's consolidated assets;
(2) the gross revenues, including investment income, of all insurance subsidiaries of the person are equal to less than 20 percent of the person's consolidated gross revenues; and
(3) the shareholders' equity of all insurance subsidiaries of the person is equal to less than 20 percent of the person's consolidated shareholders' equity.