Texas Insurance Code - Section 281.003. Exception
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§ 281.003. EXCEPTION. This subchapter does not apply to
a person, company, firm, association, group, corporation, or
insurance organization of any kind from another state that engages
in business in this state if:
(1) at least 15 percent of the voting stock of the
person, company, firm, association, group, corporation, or
insurance organization is owned by a corporation organized under
the laws of and domiciled in this state; and
(2) the person, company, firm, association, group,
corporation, or insurance organization met the requirements of
Subdivision (1) before January 30, 1957.
Added by Acts 2003, 78th Leg., ch. 1274, § 1, eff. April 1, 2005.
Section: 271.008 271.009 271.010 271.011 271.012 281.001 281.002 281.003 281.004 281.005 281.006 281.007 281.051 281.052 401.001
Last modified: August 11, 2007
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