Tex. Ins. Code § 823.012 · Subchapter A. GENERAL PROVISIONS
RULES; PROCEDURES FOR CONSIDERING CERTAIN DISTRIBUTIONS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The commissioner may, after notice and opportunity for all interested persons to be heard, adopt rules and issue orders to implement this chapter, including the conducting of business and proceedings under this chapter.
(b) The commissioner by rule shall establish procedures to:
(1) promptly consider the prepayment notices reported under Section 823.053(b);
(2) annually review each reported ordinary dividend paid within the 12 months preceding the date of the report; and
(3) take appropriate actions authorized by this code.
(c) A procedure established under Subsection (b)(1) must include consideration of the factors provided by Section 823.008.
(d) A rule or order under this section must be consistent with this chapter.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.823.htm
- Text hash
- sha256 83debd2b7b0b087b5ff2c129c6ef87ee64aca86630067644209317394c9b7f4b
- 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.
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