Texas Insurance Code 548.101 – Definition
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Terms Used In Texas Insurance Code 548.101
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
In this subchapter, “insider” means a person who:
(1) is directly or indirectly the beneficial owner of more than 10 percent of any class of an equity security of a domestic stock insurer, other than an exempt security; or
(2) is a director or officer of a domestic stock insurer.