Section 1152.103 - 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.Tex. Ins. Code § 1152.103
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. 6/1/2003.