Sec. 823.015. EXEMPTION FROM CHAPTER. The commissioner may exempt from the application of this chapter a commercially domiciled insurer that the commissioner determines has assets physically located in this state or an asset-to-liability ratio sufficient to justify the conclusion that there is no reasonable danger that the operations or conduct of the business of the insurer could present a danger of loss to the policyholders of this state.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Amended by:
Acts 2005, 79th Leg., Ch. 884 (S.B. 1283), Sec. 1, eff. September 1, 2005.
Structure Texas Statutes
Title 6 - Organization of Insurers and Related Entities
Subtitle B - Organization of Regulated Entities
Chapter 823 - Insurance Holding Company Systems
Subchapter A. General Provisions
Section 823.001. Findings and Purpose
Section 823.003. Classification as Affiliate or Subsidiary
Section 823.004. Classification as Commercially Domiciled Insurer
Section 823.005. Description of Control; Determination of Control
Section 823.006. Description of Insurance Holding Company System
Section 823.007. Description of Voting Security
Section 823.008. Standard for Determining Surplus Reasonableness and Adequacy
Section 823.009. Situs of Securities of Domestic Insurer
Section 823.010. Disclaimer of Affiliation
Section 823.011. Confidentiality of Information
Section 823.012. Rules; Procedures for Considering Certain Distributions
Section 823.014. Applicability of Chapter to Foreign or Alien Insurer
Section 823.0145. Supervisory Colleges
Section 823.0147. Group-Wide Supervision of Internationally Active Insurance Groups