Sec. 281.002. TREATMENT OF ALIEN INSURER AS FOREIGN INSURER. For purposes of this subchapter, an alien insurer is considered to be organized in the state designated by the insurer in which the insurer:
(1) has established its principal office or agency in the United States;
(2) maintains the greatest amount of its assets held in trust or on deposit for the security of its policyholders or policyholders and creditors in the United States; or
(3) was admitted to engage in business in the United States.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
Structure Texas Statutes
Title 3 - Department Funds, Fees, and Taxes
Chapter 281 - Retaliatory Provisions
Subchapter A. Retaliatory Taxes and Other Charges
Section 281.002. Treatment of Alien Insurer as Foreign Insurer
Section 281.004. Retaliatory Taxes or Other Charges, Prohibitions, and Restrictions
Section 281.005. Exclusion of Certain Taxes or Charges
Section 281.006. Treatment of Certain Tax Reductions and Credits
Section 281.007. Tax Report; Administration and Collection of Tax