Texas Insurance Code

§ 548.101 — DEFINITION

IN § 548.101Title 5. PROTECTION OF CONSUMER INTERESTS · Part C. DECEPTIVE, UNFAIR, AND PROHIBITED PRACTICES · Ch. 548. INSURER INSIDER TRADING AND PROXY REGULATION · Art. B. REQUIRED ACTS; PROHIBITIONS

Statute text

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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.

Legislative history

Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005.