{"data":{"id":"us-tx/tex.-insurance-code-823.403","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 823.403","heading":"MANAGEMENT OF CONTROLLED INSURER.","body":"(a) The control of an authorized insurer by another person does not relieve an officer or director of the insurer of any obligation or liability to which the officer or director is subject by law. The insurer shall be managed to assure the insurer's separate operating identity consistent with this code.\n(b) This section does not preclude an authorized insurer from having a common management or joint use of personnel, property, or services with one or more other persons under an arrangement that meets the standards of Section 823.101(e).\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 B. ORGANIZATION OF REGULATED ENTITIES","CHAPTER 823. INSURANCE HOLDING COMPANY SYSTEMS","SUBCHAPTER I. LIMITATIONS RELATING TO CONTROLLED INSURERS"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.823.htm#823.403","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"94844209b8bd33169a0cab307a5eaea1a960151f2ecd92dcb0cc239f6fa34150","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-823.402","next":"us-tx/tex.-insurance-code-823.451"},"notice":"GroundRules: Original legal text. Not legal advice."}