Texas Insurance Code

§ 548.102 — STATEMENT OF BENEFICIAL OWNERSHIP OF EQUITY SECURITIES

IN § 548.102Title 5. PROTECTION OF CONSUMER INTERESTS · Part C. DECEPTIVE, UNFAIR, AND PROHIBITED PRACTICES · Ch. 548. INSURER INSIDER TRADING AND PROXY REGULATION · Art. B. REQUIRED ACTS; PROHIBITIONS

Statute text

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(a)Not later than the 10th day after the date a person becomes an insider, the insider shall file with the department a statement of the amount of all equity securities of the insurer of which the insider is a beneficial owner.

(b)If in any month a change occurs in the amount of the equity securities of which the insider is a beneficial owner, the insider shall file with the department not later than the 10th day of the following month a statement that indicates:

(1)the amount of all equity securities of which the insider is a beneficial owner as of the end of that month; and

(2)the changes in the insider's ownership that occurred in that month.

(c)A statement under this section must be in the form prescribed by the department.

Legislative history

Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005.