Texas Insurance Code

§ 281.002 — TREATMENT OF ALIEN INSURER AS FOREIGN INSURER

IN § 281.002Title 3. DEPARTMENT FUNDS, FEES, SURCHARGES, AND TAXES · Part E. OTHER TAXES · Ch. 281. RETALIATORY PROVISIONS · Art. A. RETALIATORY TAXES AND OTHER CHARGES

Statute text

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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.

Legislative history

Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.