Tex. Ins. Code § 823.159 · Subchapter D. CONTROL OF DOMESTIC INSURER; ACQUISITION OR MERGER
HEARING; TIME OF DETERMINATION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A hearing under Section 823.152, 823.157, or 823.160 shall be held not later than the 60th day after the date of the denial.
(b) Not later than the 21st day before the date of the hearing, the commissioner shall give notice of the hearing to the person who filed the statement and to the domestic insurer unless the person and the domestic insurer waive notice.
(c) The person who filed the statement and the domestic insurer shall provide notice of the hearing in the time and manner specified by the commissioner to each person designated by the commissioner.
(d) The acquiring person has the burden of providing sufficient competent evidence for the commissioner to make the findings required under Section 823.157.
(e) The commissioner shall make a determination on the acquisition of control not later than the 60th day after the date the record of the hearing is closed.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003. Amended by Acts 2003, 78th Leg., ch. 1276, Sec. 10A.203(c), (d), eff. Sept. 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 7861870e4c7536c564dc27d98a6b802242de8bf53180e240c9a4aa277cd899d7
- 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 § 823.152EMPLOYMENT OF EXPERTS.Printed as Section 823.152, 823.157, or 823.160
- Tex. Ins. Code § 823.157APPROVAL OF ACQUISITION, CHANGE, OR DIVESTITURE OF CONTROL.Printed as Section 823.152, 823.157, or 823.160 | Section 823.157
- Tex. Ins. Code § 823.160DEADLINE FOR COMPLETION OF ACQUISITION.Printed as Section 823.152, 823.157, or 823.160
Cited by 1 provision
Provisions in this library whose text cites Tex. Ins. Code § 823.159. 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.