Tex. Ins. Code § 823.204 · Subchapter E. ACQUISITION STATEMENT
PLAN FOR FUTURE OF INSURER.
Text — Current through the 89th 2nd Called Legislative Session, 2025
A statement required under Section 823.154 must contain:
(1) any plan or proposal of the acquiring person to:
(A) cause the insurer to pay dividends or make distributions;
(B) liquidate the insurer;
(C) sell any of the insurer's assets;
(D) merge or consolidate the insurer with any person;
(E) make any other material change in the insurer's business or corporate structure or management; or
(F) cause the insurer to enter into material agreements, arrangements, or transactions of any kind with any person; and
(2) any oral or written arrangement or agreement between the acquiring person or an affiliate of the acquiring person and the domestic insurer entered into during the 12 months preceding the date of the statement.
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 3d5f73299b491c4a2286a9945d36be7a5a1a1a93c9806c13b7b4db6028c199ca
- 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.