Texas Insurance Code

§ 823.106 — STANDARDS OF REVIEW; REASONS FOR DISAPPROVAL

IN § 823.106Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part B. ORGANIZATION OF REGULATED ENTITIES · Ch. 823. INSURANCE HOLDING COMPANY SYSTEMS · Art. C. TRANSACTIONS OF REGISTERED INSURER

Statute text

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(a)In reviewing a transaction under this subchapter, the commissioner shall consider whether the transaction:

(1)complies with the standards provided by Section 823.101; and

(2)may adversely affect the interest of the insurer's policyholders.

(b)The commissioner shall set forth the specific reasons for the disapproval of a transaction reviewed under Subsection (a).

Legislative history

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.