reglab/housing_qa huggingface dataset:
TX Ins Code § 982.113 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle I - Surplus Lines Insurers; Companies Not Organized in Texas|Chapter 982 - Foreign and Alien Insurance Companies|Subchapter C. Requirements for Certificate of Authority|Section 982.113. Issuance of Certificate of Authority to Life, Health, or Accident Insurance Company

Sec. 982.113.  ISSUANCE OF CERTIFICATE OF AUTHORITY TO LIFE, HEALTH, OR ACCIDENT INSURANCE COMPANY.  (a)  The commissioner shall file in the commissioner's office the documents delivered to the department under this subchapter and shall approve or deny an application for a certificate of authority.(b)  The commissioner shall issue to a foreign or alien life insurance company, accident insurance company, life and accident insurance company, health and accident insurance company, or life, health, and accident insurance company a certificate of authority to engage in this state in the kind of business specified in the documents if:(1)  the company has complied with the requirements of this chapter and any other requirement imposed on the company by law; and(2)  the company's operational history demonstrates that the expanded operation of the company in this state or its operations outside this state will not create a condition that might be hazardous to the company's policyholders or creditors or to the public.(c)  The operational history of a life insurance company, accident insurance company, life and accident insurance company, health and accident insurance company, or life, health, and accident insurance company under Subsection (b)(2) must be reviewed in conjunction with:(1)  the company's loss experience;(2)  the kinds and nature of risks insured by the company;(3)  the company's financial condition and its ownership;(4)  the company's proposed method of operation;(5)  the company's affiliations;(6)  the company's investments;(7)  the company's contracts, if any, leading to contingent liability or agreements in respect to guaranty and surety, other than insurance; and(8)  the ratio of total annual premium and net investment income to commission expenses, general insurance expenses, policy benefits paid, and required policy reserve increases.(d)  On the applicant's request, the commissioner shall hold a hearing on a denial.  Not later than the 30th day after the date of the applicant's request for a hearing, the commissioner shall request a hearing date.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.Amended by: Acts 2009, 81st Leg., R.S., Ch. 1022 (H.B. 4291), Sec. 18, eff. June 19, 2009.|
TX Ins Code § 982.114 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle I - Surplus Lines Insurers; Companies Not Organized in Texas|Chapter 982 - Foreign and Alien Insurance Companies|Subchapter C. Requirements for Certificate of Authority|Section 982.114. Payment of Tax by Foreign or Alien Life Insurance Company

Sec. 982.114.  PAYMENT OF TAX BY FOREIGN OR ALIEN LIFE INSURANCE COMPANY.  (a)  A foreign or alien life insurance company that obtains a certificate of authority under this subchapter on or after April 2, 1909, accepts that certificate and agrees to engage in the business of insurance in this state subject to a requirement that, if the company ceases to transact new insurance business in this state but continues to collect renewal premiums from residents of this state, the company shall continue to pay an occupation tax based on gross premiums for each year from residents of this state.(b)  The rate of the tax imposed by this section may not exceed the rate imposed by law on insurance companies transacting new insurance business in this state.(c)  The foreign or alien life insurance company shall pay the tax and make reports relating to its gross premium receipts in the same manner as a foreign or alien life insurance company that is transacting new insurance business in this state.(d)  The foreign or alien life insurance company is subject to examination by the department or by a department designee in the same manner and to the same extent as a company that is transacting new insurance business in this state.|Added by Acts 2003, 78th Leg., ch. 1274, Sec. 19, eff. April 1, 2005.|
TX Ins Code § 982.201 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle I - Surplus Lines Insurers; Companies Not Organized in Texas|Chapter 982 - Foreign and Alien Insurance Companies|Subchapter D. Trusteed Assets of Alien Insurance Companies|Section 982.201. Deed of Trust: General Provisions

Sec. 982.201.  DEED OF TRUST:  GENERAL PROVISIONS.  (a)  A deed of trust relating to the trusteed assets of an authorized alien insurance company and all amendments to the deed of trust are effective only if approved by the commissioner.(b)  The deed of trust must contain provisions that:(1)  vest legal title to trusteed assets in the trustee or trustees and the trustees' lawfully appointed successors, in trust for the security of the policyholders of the alien insurance company in the United States;(2)  provide for substitution of a new trustee or trustees, subject to the commissioner's approval, in the event of vacancy by death, resignation, or other incapacity;  and(3)  require that the trustee or trustees continuously maintain a record sufficient to identify the trusteed assets.(c)  The deed of trust may provide that income, earnings, dividends, or interest accumulations of the trusteed assets may be paid over to the United States manager of the alien insurance company on request.(d)  The deed of trust and all amendments to the deed of trust must be authenticated in the form and manner prescribed by the commissioner.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 982.202 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle I - Surplus Lines Insurers; Companies Not Organized in Texas|Chapter 982 - Foreign and Alien Insurance Companies|Subchapter D. Trusteed Assets of Alien Insurance Companies|Section 982.202. Deed of Trust: Approval by Commissioner

Sec. 982.202.  DEED OF TRUST:  APPROVAL BY COMMISSIONER.  (a)  The commissioner shall approve a deed of trust relating to the trusteed assets of an alien insurance company if the commissioner determines:(1)  the deed of trust or its amendments are sufficient in form and conform with applicable law;(2)  the trustee or trustees are eligible to serve in that capacity;  and(3)  the deed of trust is adequate to protect the interests of the beneficiaries of the trust.(b)  If, after notice and hearing, the commissioner determines that a requisite for approval of a deed of trust under Subsection (a) does not exist, the commissioner may withdraw approval.(c)  The commissioner may approve a change in any deed of trust that in the commissioner's judgment is in the best interests of the policyholders of the alien insurance company in the United States.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 982.203 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle I - Surplus Lines Insurers; Companies Not Organized in Texas|Chapter 982 - Foreign and Alien Insurance Companies|Subchapter D. Trusteed Assets of Alien Insurance Companies|Section 982.203. Location of Trusteed Assets

Sec. 982.203.  LOCATION OF TRUSTEED ASSETS.  (a)  The trusteed assets of an alien insurance company shall be kept continuously in the United States.(b)  The trusteed assets of an alien insurance company that enters the United States through this state shall be kept continuously in this state.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 982.204 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle I - Surplus Lines Insurers; Companies Not Organized in Texas|Chapter 982 - Foreign and Alien Insurance Companies|Subchapter D. Trusteed Assets of Alien Insurance Companies|Section 982.204. Withdrawal of Trusteed Assets

Sec. 982.204.  WITHDRAWAL OF TRUSTEED ASSETS.  (a)  The deed of trust relating to the trusteed assets of an alien insurance company must provide that the trustee or trustees may not make or permit a withdrawal of assets, other than as specified by Section 982.201(c), without the commissioner's prior written approval except to:(1)  make deposits required by law in any state for the security or benefit of the policyholders of the company in the United States;(2)  substitute other assets permitted by law and at least equal in value to those withdrawn, subject to Subsection (b);  or(3)  transfer the assets to an official liquidator or rehabilitator in accordance with an order of a court of competent jurisdiction.(b)  A withdrawal under Subsection (a)(2) may be made only on the specific written direction of the United States manager or an assistant United States manager when authorized and acting under general or specific written authority previously given or delegated by the board of directors.(c)  On withdrawal of trusteed assets deposited in another state in which the alien insurance company is authorized to engage in the business of insurance:(1)  the deed of trust may require similar written approval of the insurance supervising official of that state instead of the commissioner's approval as provided by Subsection (a);  and(2)  if approval under Subdivision (1) is required, the company shall notify the commissioner in writing of the nature and extent of the withdrawal.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 982.251 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle I - Surplus Lines Insurers; Companies Not Organized in Texas|Chapter 982 - Foreign and Alien Insurance Companies|Subchapter E. Trusteed Surplus of Alien Insurance Companies|Section 982.251. Trusteed Surplus of Alien Insurance Company

Sec. 982.251.  TRUSTEED SURPLUS OF ALIEN INSURANCE COMPANY.  The total value of an alien insurance company's general state deposits and trusteed assets less the total net amount of all the company's liabilities and reserves in the United States, as determined in accordance with Section 982.252, is the company's trusteed surplus in the United States.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 982.252 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle I - Surplus Lines Insurers; Companies Not Organized in Texas|Chapter 982 - Foreign and Alien Insurance Companies|Subchapter E. Trusteed Surplus of Alien Insurance Companies|Section 982.252. Form and Contents of Financial Statement of Alien Insurance Company

Sec. 982.252.  FORM AND CONTENTS OF FINANCIAL STATEMENT OF ALIEN INSURANCE COMPANY.  (a)  A financial statement required to be filed by an alien insurance company under Section 982.004 must be on a form prescribed by the commissioner and must show, as of the preceding December 31:(1)  the company's general deposits of assets in the United States deposited with officers of any state in trust for the exclusive benefit, security, and protection of the company's policyholders in the United States;(2)  the company's special deposits of assets in the United States deposited with officers of any state in trust for the exclusive benefit, security, and protection of the company's policyholders in a particular state;(3)  the company's trusteed assets in the United States held for the exclusive benefit, security, and protection of the company's policyholders in the United States;(4)  the company's reserves and other liabilities arising out of policies or obligations issued, assumed, or incurred in the United States;  and(5)  any further information as determined necessary to implement this section.(b)  In addition to the requirements under Subsection (a), a financial statement filed by an alien life insurance company must show the amount of the company's policy loans to policyholders in the United States, not exceeding the amount of the legal reserve required on each policy.(c)  In determining the net amount of an alien insurance company's liabilities in the United States, the company may deduct:(1)  reinsurance on losses with insurers qualifying for credit, less unpaid reinsurance premiums, with a schedule showing by company the amount deducted;  and(2)  unearned premiums on agents' balances or uncollected premiums not more than 90 days past due.(d)  Any liability on an asset not considered in the statement may be applied against that asset.(e)  A special state deposit held for the exclusive benefit of policyholders of a particular state may be allowed as an offset against the alien insurance company's liabilities in that state only.(f)  The statement may include accrued interest at the date of the statement on assets deposited with states and trustees if the interest is collected by the states or trustees.(g)  The United States manager, attorney-in-fact, or authorized assistant United States manager of the alien insurance company shall sign and verify the statement.  The United States trustee or trustees shall certify the items of securities and other property held under deeds of trust.(h)  The commissioner may at any time and for any period determined necessary require additional statements of the kind required by this section.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 982.253 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle I - Surplus Lines Insurers; Companies Not Organized in Texas|Chapter 982 - Foreign and Alien Insurance Companies|Subchapter E. Trusteed Surplus of Alien Insurance Companies|Section 982.253. Impairment of Trusteed Surplus

Sec. 982.253.  IMPAIRMENT OF TRUSTEED SURPLUS.  (a)  If the commissioner determines from a statement filed under Section 982.252 or any report that an alien insurance company's trusteed surplus is less than the greater of the minimum capital required of, or the minimum surplus required to be maintained by, a domestic insurance company authorized to engage in the same kinds of insurance, the commissioner shall:(1)  determine the amount of the impairment;  and(2)  order the company, through its United States manager or attorney, to eliminate the impairment within the period designated by the commissioner.(b)  The period for eliminating an impairment under Subsection (a) must end not later than the 90th day after the date the order is served.(c)  The commissioner may also by order revoke or suspend an alien insurance company's certificate of authority or prohibit the company from issuing new policies in the United States while an impairment under Subsection (a) exists.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 982.254 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle I - Surplus Lines Insurers; Companies Not Organized in Texas|Chapter 982 - Foreign and Alien Insurance Companies|Subchapter E. Trusteed Surplus of Alien Insurance Companies|Section 982.254. Failure to Eliminate Impairment of Trusteed Surplus

Sec. 982.254.  FAILURE TO ELIMINATE IMPAIRMENT OF TRUSTEED SURPLUS.  If an alien insurance company has not satisfied the commissioner at the end of the designated period under Section 982.253(a) that the impairment has been eliminated, the commissioner may proceed against the company as provided by Chapter 441 as an insurance company whose further transaction of the business of insurance in the United States will be hazardous to its policyholders in the United States.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.Amended by: Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 2E.137, eff. April 1, 2009.|
TX Ins Code § 982.255 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle I - Surplus Lines Insurers; Companies Not Organized in Texas|Chapter 982 - Foreign and Alien Insurance Companies|Subchapter E. Trusteed Surplus of Alien Insurance Companies|Section 982.255. Examination of Alien Insurance Company

Sec. 982.255.  EXAMINATION OF ALIEN INSURANCE COMPANY.  (a)  The books, records, accounting, and verification relating to an authorized alien insurance company's trusteed assets are subject to examination by the department or the department's appointed representative at the United States branch office of the company, in the same manner and to the same extent that applies under Subchapter A, Chapter 86, and Sections 401.051, 401.052, 401.054-401.062, 401.151, 401.152, 401.155, and 401.156 to domestic and foreign insurance companies authorized to engage in the same kind of insurance.(b)  The books, records, and accounting for trusteed assets of an alien insurance company that enters the United States through this state shall be maintained in English in the company's branch office in this state.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.Amended by: Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 2E.138, eff. April 1, 2009.|
TX Ins Code § 982.301 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle I - Surplus Lines Insurers; Companies Not Organized in Texas|Chapter 982 - Foreign and Alien Insurance Companies|Subchapter F. Provisions Applicable to Certain Companies|Section 982.301. Applicability of Subchapter

Sec. 982.301.  APPLICABILITY OF SUBCHAPTER.  This subchapter applies only to a foreign or alien insurance company that is not a life insurance company, accident insurance company, life and accident insurance company, health and accident insurance company, or life, health, and accident insurance company.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 982.302 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle I - Surplus Lines Insurers; Companies Not Organized in Texas|Chapter 982 - Foreign and Alien Insurance Companies|Subchapter F. Provisions Applicable to Certain Companies|Section 982.302. Reinsurance Not Prohibited

Sec. 982.302.  REINSURANCE NOT PROHIBITED.  This chapter does not prohibit a foreign insurance company from:(1)  reinsuring a domestic insurance company;  or(2)  locating in this state, if the company does not directly insure persons domiciled in this state or insure against risks located in this state.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 982.303 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle I - Surplus Lines Insurers; Companies Not Organized in Texas|Chapter 982 - Foreign and Alien Insurance Companies|Subchapter F. Provisions Applicable to Certain Companies|Section 982.303. Texas Law Accepted

Sec. 982.303.  TEXAS LAW ACCEPTED.  A foreign or alien insurance company that issues a contract or policy in this state is considered to have agreed to comply with this code as a prerequisite to engaging in the business of insurance in this state.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 982.304 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle I - Surplus Lines Insurers; Companies Not Organized in Texas|Chapter 982 - Foreign and Alien Insurance Companies|Subchapter F. Provisions Applicable to Certain Companies|Section 982.304. Same or Deceptively Similar Name

Sec. 982.304.  SAME OR DECEPTIVELY SIMILAR NAME.  A foreign or alien insurance company may not be denied permission to engage in the business of insurance in this state because the name of the company is the same as or deceptively similar to the name of a domestic corporation existing under the laws of this state or of another foreign or alien insurance company authorized to engage in the business of insurance in this state if the company desiring to engage in the business of insurance in this state:(1)  files with the department and with any county clerk as provided by Subchapter B or C, Chapter 71, Business & Commerce Code, an assumed name certificate stating a name permitted under the laws of this state; and(2)  does not engage in any business in this state except under the assumed name.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.Amended by: Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.21, eff. April 1, 2009.|
TX Ins Code § 982.305 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle I - Surplus Lines Insurers; Companies Not Organized in Texas|Chapter 982 - Foreign and Alien Insurance Companies|Subchapter F. Provisions Applicable to Certain Companies|Section 982.305. Limitation on Actions in Other State Courts

Sec. 982.305.  LIMITATION ON ACTIONS IN OTHER STATE COURTS.  An action involving a contract entered into in this state between a foreign or alien insurance company and a resident of this state may not be brought in or transferred to a court in another state without the consent of the resident of this state.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 983.001 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle I - Surplus Lines Insurers; Companies Not Organized in Texas|Chapter 983 - Redomestication of Insurers and Health Maintenance Organizations|Subchapter A. General Provisions|Section 983.001. Definition

Sec. 983.001.  DEFINITION.  In this chapter, "redomestication" means a change in domicile of an insurer or health maintenance organization by merger, consolidation, or another legal method.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 983.002 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle I - Surplus Lines Insurers; Companies Not Organized in Texas|Chapter 983 - Redomestication of Insurers and Health Maintenance Organizations|Subchapter A. General Provisions|Section 983.002. Rules

Sec. 983.002.  RULES.  The commissioner may adopt rules as necessary to implement this chapter.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 983.051 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle I - Surplus Lines Insurers; Companies Not Organized in Texas|Chapter 983 - Redomestication of Insurers and Health Maintenance Organizations|Subchapter B. Redomestication Process|Section 983.051. Redomestication: Foreign to Domestic

Sec. 983.051.  REDOMESTICATION:  FOREIGN TO DOMESTIC.  (a)  An insurer or health maintenance organization that is organized under the laws of another state and authorized to write insurance or provide a health care plan in this state may redomesticate to this state if:(1)  the entity amends or restates its articles of incorporation to comply with each requirement of this code relating to the organization and authorization of a domestic entity of the same type;  and(2)  the commissioner approves the redomestication.(b)  An insurer or health maintenance organization that redomesticates under this section is:(1)  considered to be domiciled in this state;  and(2)  entitled to a certificate of authority to engage in the business of insurance or the business of a health maintenance organization in this state as a domestic insurer or health maintenance organization, as applicable, without interruption of its authority to engage in business in this state.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|