Sec. 823.059. EXEMPTIONS. (a) The registration requirement under Section 823.051 does not apply to a foreign or nondomestic insurer, other than a commercially domiciled insurer, that is subject to disclosure requirements adopted by statute or regulation in the jurisdiction of its domicile that are substantially similar to the disclosure requirements provided by this chapter.
(b) The commissioner may require an insurer that is exempt from registration under Subsection (a) to provide a copy of the registration statement or other information filed by the insurer with the insurance regulatory authority of its domiciliary jurisdiction.
(c) The commissioner, by rule or order, may exempt an insurer, information, or a transaction from the application of this subchapter.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Structure Texas Statutes
Title 6 - Organization of Insurers and Related Entities
Subtitle B - Organization of Regulated Entities
Chapter 823 - Insurance Holding Company Systems
Section 823.051. Registration by Insurer Required
Section 823.052. Required Information; Registration Statement
Section 823.053. Reporting Material Changes
Section 823.054. Material Information
Section 823.055. Annual Registration Statement; Summary of Material Changes
Section 823.056. Termination of Registration
Section 823.057. Consolidated Filing
Section 823.058. Alternative Registration