Texas Insurance Code Title 6, Chapter 805 - Directors, Officers, And Other Interested Persons

SUBCHAPTER A ACTIVITIES OF DIRECTORS, OFFICERS, AND SHAREHOLDERS

• Texas Section 805.001 - Definitions
  In this subchapter: (1) "Major shareholder" means an individual, corporation, partnership, association, joint-stock company, business trust, or unincorporated organization that is directly or indirectly the...
• Texas Section 805.002 - Applicability Of Subchapter
  (a) This subchapter applies to any insurer, including a: (1) capital stock company; (2) reciprocal or interinsurance exchange; (3) Lloyd's plan; (4) fraternal benefit society;...
• Texas Section 805.003 - Prohibited Activities
  (a) A director, officer, or major shareholder of an insurer may not: (1) except as provided by this subchapter, directly, indirectly, or through a substantial...

SUBCHAPTER B CERTAIN PAYMENTS BY DIRECTORS, OFFICERS, AND TRUSTEES

• Texas Section 805.004 - Activities Not Prohibited
  This subchapter does not prohibit: (1) a director, officer, or major shareholder of an insurer from: (A) becoming a policyholder of the insurer and exercising...
• Texas Section 805.021 - Liability For Fee And Tax Payments
  (a) In this section, "fee or tax" includes a license, excise, privilege, premium, or occupation fee or tax. (b) A director, officer, or trustee of...

Last modified: September 28, 2016