Texas Insurance Code

§ 983.053 — REDOMESTICATION: FOREIGN TO FOREIGN

IN § 983.053Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part I. SURPLUS LINES INSURERS; COMPANIES NOT ORGANIZED IN TEXAS · Ch. 983. REDOMESTICATION OF INSURERS AND HEALTH MAINTENANCE ORGANIZATIONS · Art. B. REDOMESTICATION PROCESS

Statute text

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(a)An insurer or health maintenance organization that is organized under the laws of another state and authorized to engage in the business of insurance or the business of a health maintenance organization in this state may redomesticate to another foreign state without interruption of its authority to engage in business in this state as a foreign insurer or health maintenance organization, as applicable, if:

(1)the entity:

(A)amends or restates its articles of incorporation as required by law; and

(B)provides proper notice to the commissioner; and

(2)the commissioner:

(A)determines that:

…

Legislative history

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.