Texas § 805.001 DEFINITIONS.

Texas Statutes

§ 805.001 — DEFINITIONS.

Texas § 805.001

Code INInsurance Code

This text of Texas § 805.001 (DEFINITIONS.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Insurance Code Code Ann. § 805.001 (2026).

Text

Sec. 805.001. DEFINITIONS. In this subchapter:

(1)"Major shareholder" means an individual, corporation, partnership, association, joint-stock company, business trust, or unincorporated organization that is directly or indirectly the beneficial owner of more than 10 percent of any class of an equity security of an insurer.

(2)"Subsidiary" means a corporation:

(A)of which at least 50 percent of any class of an equity security is owned by an insurer; or

(B)that is managed, directly or indirectly controlled, or subject to control by an insurer.

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Sec. 805.001. DEFINITIONS. In this subchapter:
(1) "Major shareholder" means an individual, corporation, partnership, association, joint-stock company, business trust, or unincorporated organization that is directly or indirectly the beneficial owner of more than 10 percent of any class of an equity security of an insurer.
(2) "Subsidiary" means a corporation:
(A) of which at least 50 percent of any class of an equity security is owned by an insurer; or
(B) that is managed, directly or indirectly controlled, or subject to control by an insurer.