Texas Insurance Code 281.002 – Treatment of Alien Insurer as Foreign Insurer
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Terms Used In Texas Insurance Code 281.002
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- United States: includes a department, bureau, or other agency of the United States of America. See Texas Government Code 311.005
For purposes of this subchapter, an alien insurer is considered to be organized in the state designated by the insurer in which the insurer:
(1) has established its principal office or agency in the United States;
(2) maintains the greatest amount of its assets held in trust or on deposit for the security of its policyholders or policyholders and creditors in the United States; or
(3) was admitted to engage in business in the United States.