Tex. Ins. Code § 823.053 · Subchapter B. REGISTRATION
REPORTING MATERIAL CHANGES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) To keep the information required to be disclosed in a registration statement filed under Section 823.052 current, a registered insurer shall report each material change to the information, including the addition of information, not later than the 15th day after the last day of the month in which the insurer learns of the change.
(b) Subject to Section 823.107, each registered insurer shall report each dividend or distribution made to the shareholders not later than the earlier of:
(1) the second business day after the date the dividend or distribution is declared; or
(2) the 11th day before the date of payment.
(c) For purposes of this section, reports are considered to be made when received by the department.
(d) Reports made under this section are for informational purposes only.
(e) An insurer is not required to report under this section a transaction that is approved under Section 823.103. That approval is considered to be an amendment of the registration statement filed under Section 823.052 without being reported under this section.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Amended by:
Acts 2013, 83rd Leg., R.S., Ch. 1087 (H.B. 3460), Sec. 3, eff. June 14, 2013.
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 d1ca1c8e674564323bd52d471aed458754c0d38b633f70ae8f187f8bf8912cb6
- 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.
Insurance Code
- Tex. Ins. Code § 823.052REQUIRED INFORMATION; REGISTRATION STATEMENT.Printed as Section 823.052
- Tex. Ins. Code § 823.103NOTICE OF AND COMMISSIONER'S DECISION ON SPECIFIED TRANSACTIONS.Printed as Section 823.103
- Tex. Ins. Code § 823.107EXTRAORDINARY DIVIDENDS OR DISTRIBUTIONS.Printed as Section 823.107
Cited by 2 provisions
Provisions in this library whose text cites Tex. Ins. Code § 823.053. Each shows the citation as that text prints it.
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.