Definition

Sec. 548.101. DEFINITION. In this subchapter, "insider" means a person who: (1) is directly or indirectly the beneficial owner of more than 10 percent of any class of an equity security of a domestic stock insurer, other than an exempt security; or (2) is a director or officer of a domestic stock insurer. Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005.