{"data":{"id":"us-tx/tex.-insurance-code-964.055","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 964.055","heading":"CERTIFICATE OF AUTHORITY REQUIRED.","body":"(a) An entity may not engage in business as a captive insurance company domiciled in this state unless it holds a certificate of authority issued by the department to act as a captive insurance company. A captive insurance company, when permitted by its certificate of formation or governing document, may apply for a certificate of authority under this chapter.\n(b) An entity does not qualify for a certificate of authority under this chapter unless:\n(1) its affiliates have significant operations in this state, as determined by the commissioner;\n(2) its board of directors or governing body holds at least one meeting each year in this state;\n(3) it maintains its principal office and books and records in this state, unless the commissioner grants an application to relocate the entity's books and records under Chapter 803; and\n(4) it complies with Section 804.101 or 804.102.\nAdded by Acts 2013, 83rd Leg., R.S., Ch. 569 (S.B. 734), Sec. 2, eff. June 14, 2013.\nAmended by:\nActs 2017, 85th Leg., R.S., Ch. 1050 (H.B. 1944), Sec. 1.05, eff. June 15, 2017.","path":["INSURANCE CODE","TITLE 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES","SUBTITLE H. OTHER ENTITIES","CHAPTER 964. CAPTIVE INSURANCE COMPANIES","SUBCHAPTER B. CAPTIVE INSURANCE COMPANIES"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.964.htm#964.055","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"93ce5de0efc6b2d769da621031ca256cdddc359b26929427b6cab7ee43345467","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-964.054","next":"us-tx/tex.-insurance-code-964.056"},"notice":"GroundRules: Original legal text. Not legal advice."}