Sec. 548.101. DEFINITION. In this subchapter, "insider" means a person who:
(1) is directly or indirectly the beneficial owner of more than 10 percent of any class of an equity security of a domestic stock insurer, other than an exempt security; or
(2) is a director or officer of a domestic stock insurer.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005.
Structure Texas Statutes
Title 5 - Protection of Consumer Interests
Subtitle C - Deceptive, Unfair, and Prohibited Practices
Chapter 548 - Insurer Insider Trading and Proxy Regulation
Subchapter B. Required Acts; Prohibitions
Section 548.102. Statement of Beneficial Ownership of Equity Securities
Section 548.103. Recovery of Certain Profits
Section 548.104. Sale or Nondelivery of Certain Equity Securities Prohibited
Section 548.105. Certain Solicitations Prohibited; Disclosure by Insurer