Texas Insurance Code 4001.008 – Commissioner Agent for Service of Process
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Terms Used In Texas Insurance Code 4001.008
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Service of process: The service of writs or summonses to the appropriate party.
In the manner provided by Subchapter C, Chapter 804, the commissioner is a corporation‘s or partnership‘s agent for service of process in a legal proceeding against the corporation or partnership if:
(1) the corporation or partnership is licensed to engage in business in this state and does not appoint or maintain an agent for service in this state;
(2) an agent for service cannot be found with reasonable diligence; or
(3) the license of the corporation or partnership is revoked.