# Tex. Insurance Code § 823.005: DESCRIPTION OF CONTROL; DETERMINATION OF CONTROL

> Texas · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C823_S823.005

## Section

- **Citation:** Tex. Insurance Code § 823.005
- **Heading:** DESCRIPTION OF CONTROL; DETERMINATION OF CONTROL
- **Jurisdiction:** Texas
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** TX Code / Code in / Chapter 823 / Section 823.005

## Text

(a) For purposes of this chapter, control is the power to direct, or cause the direction of, the management and policies of a person, other than power that results from an official position with or corporate office held by the person. The power may be possessed directly or indirectly by any means, including through the ownership of voting securities or by contract, other than a commercial contract for goods or nonmanagement services.

(b) For purposes of this chapter, a person controls another if the person possesses the power described by Subsection (a) with regard to the other person.

(c) After providing notice and opportunity for hearing to each person in interest, the commissioner may determine that, notwithstanding the absence of a presumption under Section 823.151, a person controls an authorized insurer if the person, directly or indirectly and alone or under an agreement with one or more other persons, exercises such a controlling influence over the management or policies of the insurer that it is necessary or appropriate in the public interest or for the protection of the insurer's policyholders that the person be considered to control the insurer. The commissioner shall make specific findings of fact to support a determination under this subsection.

## Nearby sections

- [Tex. Insurance Code § 823.001 § 823.001. FINDINGS AND PURPOSE.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C823_S823.001.md)
- [Tex. Insurance Code § 823.002 § 823.002. DEFINITIONS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C823_S823.002.md)
- [Tex. Insurance Code § 823.003 § 823.003. CLASSIFICATION AS AFFILIATE OR SUBSIDIARY.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C823_S823.003.md)
- [Tex. Insurance Code § 823.004 § 823.004. CLASSIFICATION AS COMMERCIALLY DOMICILED INSURER.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C823_S823.004.md)
- [Tex. Insurance Code § 823.005 § 823.005. DESCRIPTION OF CONTROL; DETERMINATION OF CONTROL.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C823_S823.005.md)
- [Tex. Insurance Code § 823.006 § 823.006. DESCRIPTION OF INSURANCE HOLDING COMPANY SYSTEM.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C823_S823.006.md)
- [Tex. Insurance Code § 823.007 § 823.007. DESCRIPTION OF VOTING SECURITY.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C823_S823.007.md)
- [Tex. Insurance Code § 823.008 § 823.008. STANDARD FOR DETERMINING SURPLUS REASONABLENESS AND ADEQUACY.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C823_S823.008.md)
- [Tex. Insurance Code § 823.009 § 823.009. SITUS OF SECURITIES OF DOMESTIC INSURER.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C823_S823.009.md)
- [Tex. Insurance Code § 823.010 § 823.010. DISCLAIMER OF AFFILIATION.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C823_S823.010.md)
- [Tex. Insurance Code § 823.011 § 823.011. CONFIDENTIALITY OF INFORMATION.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C823_S823.011.md)
- [Tex. Insurance Code § 823.012 § 823.012. RULES; PROCEDURES FOR CONSIDERING CERTAIN DISTRIBUTIONS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C823_S823.012.md)
- [Tex. Insurance Code § 823.013 § 823.013. MANDAMUS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C823_S823.013.md)
- [Tex. Insurance Code § 823.014 § 823.014. APPLICABILITY OF CHAPTER TO FOREIGN OR ALIEN INSURER.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C823_S823.014.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C823_S823.005. Check the current official text before relying on it. Not legal advice.