Texas § IN.1152.103 - CONSIDERATION OF COMPANY'S CONDITION OR METHOD OF OPERATION
Full text of Texas The Texas Constitution § IN.1152.103 — CONSIDERATION OF COMPANY'S CONDITION OR METHOD OF OPERATION, with citation guidance and answers to common questions.
§ IN.1152.103. CONSIDERATION OF COMPANY'S CONDITION OR METHOD OF OPERATION
CONSIDERATION OF COMPANY'S CONDITION OR METHOD OF OPERATION. (a) For purposes of this section, the domicile of an alien company is its state of entry. (b) In considering a company's condition or method of operation, the factors the commissioner shall consider must include: (1) the company's history and financial condition; (2) the character, responsibility, and fitness of the company's officers and directors; (3) the law, including rules, under which the company is authorized to do business in the state of domicile to issue a variable contract; and (4) whether the condition or method of operation in connection with the issuance of a variable contract will make the company's operation hazardous to the public or the company's policyholders in this state. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § IN.1152.103
What does The Texas Constitution § IN.1152.103 cover?
Section IN.1152.103 ("CONSIDERATION OF COMPANY'S CONDITION OR METHOD OF OPERATION") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § IN.1152.103?
A common citation format is "The Texas Constitution § IN.1152.103" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § IN.1152.103 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.