1152.104 – AUTHORIZATION FOR SUBSIDIARY OR AFFILIATE OF
Texas Insurance Code § 1152.104
Summary
This law allows the commissioner to authorize a subsidiary or affiliate of a licensed life insurance company if it meets specific requirements. It applies to companies with shared management or ownership with an authorized insurer.
Commissioner can authorize subsidiaries or affiliates of licensed life insurers.
Authorization requires meeting specific subchapter requirements.
Applies to companies with common management or ownership.
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In simple terms: Learn about Texas's AUTHORIZATION FOR SUBSIDIARY OR AFFILIATE OF law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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