Tex. Insurance Code § 548.101
This is the official text of Tex. Insurance Code § 548.101, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 548.101. DEFINITION.
Official statutory text
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.
(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.
Status: in_force · Read it on the official government site
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