Texas § IN.823.403 - MANAGEMENT OF CONTROLLED INSURER
Full text of Texas The Texas Constitution § IN.823.403 — MANAGEMENT OF CONTROLLED INSURER, with citation guidance and answers to common questions.
§ IN.823.403. MANAGEMENT OF CONTROLLED INSURER
MANAGEMENT OF CONTROLLED INSURER. (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. (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). Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003. SUBCHAPTER J. CIVIL REMEDIES AND SANCTIONS
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § IN.823.403
What does The Texas Constitution § IN.823.403 cover?
Section IN.823.403 ("MANAGEMENT OF CONTROLLED INSURER") 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.823.403?
A common citation format is "The Texas Constitution § IN.823.403" (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.823.403 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.