Sec. 281.002. TREATMENT OF ALIEN INSURER AS FOREIGN INSURER

Latest version.

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.

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

                    
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