Tex. Ins. Code § 983.052 · Subchapter B. REDOMESTICATION PROCESS
REDOMESTICATION: DOMESTIC TO FOREIGN.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) An insurer or health maintenance organization that is organized under the laws of this state and authorized to write insurance or provide a health care plan in another state may redomesticate to that other state if the commissioner and the supervising regulatory official of the proposed state of domicile approve the redomestication.
(b) On the effective date of redomestication, the entity:
(1) ceases to be a domestic insurer or health maintenance organization, as applicable; and
(2) is a qualified foreign insurer or health maintenance organization, as applicable, in this state without interruption of its authority to engage in the business of insurance or the business of a health maintenance organization in this state.
(c) The commissioner may approve a proposed redomestication under this section unless the commissioner determines that:
(1) the proposed redomestication would not be in the interest of this state's policyholders or enrollees; or
(2) the entity cannot qualify for a certificate of authority in this state as a foreign insurer or health maintenance organization, as applicable.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.983.htm
- Text hash
- sha256 194ea89a3f18cf824b97b806a8f6352be1bf40880b9ea405140dd1a129be27c0
- 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
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.