For purposes of this subchapter, an alien insurer is considered to be organized in the state designated by the insurer in which the insurer:

1. (1) has established its principal office or agency in the United States;
2. (2) maintains the greatest amount of its assets held in trust or on deposit for the security of its policyholders or policyholders and creditors in the United States; or
3. (3) was admitted to engage in business in the United States.

Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.