{"data":{"id":"us-tx/tex.-insurance-code-228.002","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 228.002","heading":"DEFINITION OF AFFILIATE.","body":"In this chapter, \"affiliate\" of another person means:\n(1) a person that is an affiliate for purposes of Section 823.003;\n(2) a person that directly or indirectly:\n(A) beneficially owns 10 percent or more of the outstanding voting securities or other voting or management interests of the other person, whether through rights, options, convertible interests, or otherwise; or\n(B) controls or holds power to vote 10 percent or more of the outstanding voting securities or other voting or management interests of the other person;\n(3) a person 10 percent or more of the outstanding voting securities or other voting or management interests of which are directly or indirectly:\n(A) beneficially owned by the other person, whether through rights, options, convertible interests, or otherwise; or\n(B) controlled or held with power to vote by the other person;\n(4) a partnership in which the other person is a general partner;\n(5) an officer, director, employee, or agent of the other person; or\n(6) an immediate family member of an officer, director, employee, or agent described by Subdivision (5).\nAdded by Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 1B.001, eff. April 1, 2009.","path":["INSURANCE CODE","TITLE 3. DEPARTMENT FUNDS, FEES, SURCHARGES, AND TAXES","SUBTITLE B. INSURANCE PREMIUM TAXES","CHAPTER 228. PREMIUM TAX CREDIT FOR CERTAIN INVESTMENTS","SUBCHAPTER A. GENERAL PROVISIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.228.htm#228.002","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"11c2f5971a55ae675d54fe978d8712644fbdea781b1c6ccc04d02a904253bc34","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-228.001","next":"us-tx/tex.-insurance-code-228.051"},"notice":"GroundRules: Original legal text. Not legal advice."}