Sec. 803.005.  CONTROL OF BOOKS, RECORDS, ACCOUNTS, AND OFFICES.  (a)  The books, records, accounts, or offices of a domestic company must be under the company's direct supervision, management, and control.
(b)  The ultimate controlling person of an insurance holding company system affiliated with a domestic company, or the immediate or intermediate controlling person of the domestic company, must be domiciled, licensed, or admitted to transact business in a jurisdiction in the United States.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.