Texas § 983.051 REDOMESTICATION: FOREIGN TO DOMESTIC.

Texas Statutes

§ 983.051 — REDOMESTICATION: FOREIGN TO DOMESTIC.

Texas § 983.051

Code INInsurance Code

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Bluebook

Tex. Insurance Code Code Ann. § 983.051 (2026).

Text

Sec. 983.051. REDOMESTICATION: FOREIGN TO DOMESTIC.

(a)An insurer or health maintenance organization that is organized under the laws of another state and authorized to write insurance or provide a health care plan in this state may redomesticate to this state if:

(1)the entity amends or restates its articles of incorporation to comply with each requirement of this code relating to the organization and authorization of a domestic entity of the same type; and

(2)the commissioner approves the redomestication.

(b)An insurer or health maintenance organization that redomesticates under this section is:

(1)considered to be domiciled in this state; and

(2)entitled to a certificate of authority to engage in the business of insurance or the business of a health maintenance organization in thi

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Sec. 983.051. REDOMESTICATION: FOREIGN TO DOMESTIC. (a) An insurer or health maintenance organization that is organized under the laws of another state and authorized to write insurance or provide a health care plan in this state may redomesticate to this state if:
(1) the entity amends or restates its articles of incorporation to comply with each requirement of this code relating to the organization and authorization of a domestic entity of the same type; and
(2) the commissioner approves the redomestication.
(b) An insurer or health maintenance organization that redomesticates under this section is:
(1) considered to be domiciled in this state; and
(2) entitled to a certificate of authority to engage in the business of insurance or the business of a health maintenance organization in this state as a domestic insurer or health maintenance organization, as applicable, without interruption of its authority to engage in business in this state.