Moving a Captive Insurance Company's Books and Records Out of the State of Texas Under Texas Insurance Code, Section 803 is a process that allows a captive insurance company to move its books and records out of the state of Texas with the approval of the Texas Department of Insurance (TDI). Captive insurance companies are entities that are owned and controlled by their insureds and provide insurance to those insureds. The process of moving a captive insurance company's books and records out of the state of Texas begins with the filing of an application to the TDI. The application must include a detailed description of the books and records that will be moved, the proposed location of the new books and records, and the reasons for the move. Once the application is approved by the TDI, the captive insurance company must then file notice of the move to the Texas Secretary of State, provide notice to the Texas Comptroller of Public Accounts, and submit the required fees to cover the costs of the move. There are two types of Moving a Captive Insurance Company's Books and Records Out of the State of Texas Under Texas Insurance Code, Section 803: a voluntary move and an involuntary move. Voluntary moves are initiated by the captive insurance company and are approved by the TDI in accordance with the requirements of the code. Involuntary moves are initiated by the TDI and require the approval of the Texas Commissioner of Insurance. In either case, once the move is approved, the captive insurance company must proceed with the necessary steps to complete the move.