Texas § 823.153 CONTROLLER OF DOMESTIC INSURER CONSIDERED DOMESTIC INSURER.

Texas Statutes

§ 823.153 — CONTROLLER OF DOMESTIC INSURER CONSIDERED DOMESTIC INSURER.

Texas § 823.153

Code INInsurance Code

This text of Texas § 823.153 (CONTROLLER OF DOMESTIC INSURER CONSIDERED DOMESTIC INSURER.) 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. § 823.153 (2026).

Text

Sec. 823.153. CONTROLLER OF DOMESTIC INSURER CONSIDERED DOMESTIC INSURER. 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.

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Sec. 823.153. CONTROLLER OF DOMESTIC INSURER CONSIDERED DOMESTIC INSURER. 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.