Tex. Ins. Code § 402.053 · Subchapter B. ACQUISITION AND DISPOSITION OF ASSETS
CONTENT OF REPORT CONCERNING MATERIAL ACQUISITIONS AND DISPOSITIONS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
In a report of a material acquisition or disposition of assets under Section 402.002, an insurer or health maintenance organization shall disclose:
(1) the date of the transaction;
(2) the manner of acquisition or disposition;
(3) a description of the assets involved;
(4) the nature and amount of the consideration given or received;
(5) the purpose of the transaction;
(6) the manner by which the amount of consideration was determined;
(7) the gain or loss recognized or realized as a result of the transaction; and
(8) the name of each person from whom the assets were acquired or to whom they were disposed.
Notes and commentary — not statutory text
History
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.402.htm
- Text hash
- sha256 2e8d525cf8be41d4573cbb1df86f5f69316203c15972bbdb4a3c352a56d94860
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.