Section 15.3 - Regulation of PoliciesA surplus lines insurance policy is subject to Texas regulation if the insured's home state is Texas. Under Insurance Code § 981.002(5), an insured's home state is the insured's:
(1) principal place of business, which is the location from which the officers of an insured that is not an individual direct, control, and coordinate the insured's activities; generally, the insured's main headquarters; or(2) principal residence, which is the state where the insured who is an individual resides for the greatest number of days during a calendar year.28 Tex. Admin. Code § 15.3
The provisions of this §15.3 adopted to be effective December 12, 2000, 25 TexReg 12179; amended to be effective October 21, 2002, 27 TexReg 9773; amended to be effective September 3, 2007, 32 TexReg 5703; Adopted by Texas Register, Volume 43, Number 51, December 21, 2018, TexReg 8469, eff. 12/30/2018