Tex. Ins. Code § 228.002 · Subchapter A. GENERAL PROVISIONS
DEFINITION OF AFFILIATE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
In this chapter, "affiliate" of another person means:
(1) a person that is an affiliate for purposes of Section 823.003;
(2) a person that directly or indirectly:
(A) beneficially owns 10 percent or more of the outstanding voting securities or other voting or management interests of the other person, whether through rights, options, convertible interests, or otherwise; or
(B) controls or holds power to vote 10 percent or more of the outstanding voting securities or other voting or management interests of the other person;
(3) a person 10 percent or more of the outstanding voting securities or other voting or management interests of which are directly or indirectly:
(A) beneficially owned by the other person, whether through rights, options, convertible interests, or otherwise; or
(B) controlled or held with power to vote by the other person;
(4) a partnership in which the other person is a general partner;
(5) an officer, director, employee, or agent of the other person; or
(6) an immediate family member of an officer, director, employee, or agent described by Subdivision (5).
Notes and commentary — not statutory text
History
Added by Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 1B.001, eff. April 1, 2009.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.228.htm
- Text hash
- sha256 602bef824e1cfbb8f043f6d7a277955ac93a720e8b25738143667d66aa7e5cde
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
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Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.