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§ 823.003. CLASSIFICATION AS AFFILIATE OR SUBSIDIARY.

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TX Code › Code in › Chapter 823 › Section 823.003

This text was captured on Aug 14, 2026. It is a snapshot, not a live feed, so check the official code before relying on it.

Text

(a) A person is an affiliate of another if the person directly or indirectly through one or more intermediaries controls, is controlled by, or is under common control with the other person.

(b) A person is a subsidiary of another if the person is an affiliate of and is controlled by the other person directly or indirectly through one or more intermediaries.

(c) A subsidiary or holding company of a person is an affiliate of that person.

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§ 823.003. CLASSIFICATION AS AFFILIATE OR SUBSIDIARY. · Tex. Insurance Code § 823.003 | Frix