Texas Insurance Code § 823.106 Standards Of Review; Reasons For Disapproval

Sec. 823.106. STANDARDS OF REVIEW; REASONS FOR DISAPPROVAL. (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).

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

Section: Previous  823.059  823.0595  823.060  823.101  823.103  823.104  823.105  823.106  823.107  823.151  823.152  823.153  823.154  823.155  823.156  Next

Last modified: September 28, 2016