{"data":{"id":"us-tx/tex.-insurance-code-805.001","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 805.001","heading":"DEFINITIONS.","body":"In this subchapter:\n(1) \"Major shareholder\" means an individual, corporation, partnership, association, joint-stock company, business trust, or unincorporated organization that is directly or indirectly the beneficial owner of more than 10 percent of any class of an equity security of an insurer.\n(2) \"Subsidiary\" means a corporation:\n(A) of which at least 50 percent of any class of an equity security is owned by an insurer; or\n(B) that is managed, directly or indirectly controlled, or subject to control by an insurer.\nAdded by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.","path":["INSURANCE CODE","TITLE 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES","SUBTITLE A. GENERAL PROVISIONS APPLICABLE TO INSURERS AND RELATED ENTITIES","CHAPTER 805. DIRECTORS, OFFICERS, AND OTHER INTERESTED PERSONS","SUBCHAPTER A. ACTIVITIES OF DIRECTORS, OFFICERS, AND SHAREHOLDERS"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.805.htm#805.001","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"3e0d94288767c8b31293bee6c2bc9eb3582dd414f8b91c36b045acfea4270457","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-804.303","next":"us-tx/tex.-insurance-code-805.002"},"notice":"GroundRules: Original legal text. Not legal advice."}