Tex. Insurance Code § 823.003
This is the official text of Tex. Insurance Code § 823.003, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 823.003. CLASSIFICATION AS AFFILIATE OR SUBSIDIARY.
Official statutory text
(a) A person is an affiliate of another if the person directly or indirectly through one or more intermediaries controls, is controlled by, or is under common control with the other person.
(b) A person is a subsidiary of another if the person is an affiliate of and is controlled by the other person directly or indirectly through one or more intermediaries.
(c) A subsidiary or holding company of a person is an affiliate of that person.
(b) A person is a subsidiary of another if the person is an affiliate of and is controlled by the other person directly or indirectly through one or more intermediaries.
(c) A subsidiary or holding company of a person is an affiliate of that person.
Status: in_force · Read it on the official government site
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