Texas Statutes
Subtitle B - Organization of Regulated Entities
Chapter 823 - Insurance Holding Company Systems

Section 823.004. Classification as Commercially Domiciled Insurer - Sec. 823.004. CLASSIFICATION AS COMMERCIALLY DOMICILED INSURER. (a) For purposes...

Section 823.005. Description of Control; Determination of Control - Sec. 823.005. DESCRIPTION OF CONTROL; DETERMINATION OF CONTROL. (a) For...

Section 823.006. Description of Insurance Holding Company System - Sec. 823.006. DESCRIPTION OF INSURANCE HOLDING COMPANY SYSTEM. An insurance...

Section 823.007. Description of Voting Security - Sec. 823.007. DESCRIPTION OF VOTING SECURITY. For purposes of this...

Section 823.008. Standard for Determining Surplus Reasonableness and Adequacy - Sec. 823.008. STANDARD FOR DETERMINING SURPLUS REASONABLENESS AND ADEQUACY. (a)...

Section 823.009. Situs of Securities of Domestic Insurer - Sec. 823.009. SITUS OF SECURITIES OF DOMESTIC INSURER. For purposes...

Section 823.010. Disclaimer of Affiliation - Sec. 823.010. DISCLAIMER OF AFFILIATION. (a) A disclaimer of affiliation...

Section 823.011. Confidentiality of Information - Sec. 823.011. CONFIDENTIALITY OF INFORMATION. (a) This section applies only...

Section 823.012. Rules; Procedures for Considering Certain Distributions - Sec. 823.012. RULES; PROCEDURES FOR CONSIDERING CERTAIN DISTRIBUTIONS. (a) The...

Section 823.013. Mandamus - Sec. 823.013. MANDAMUS. A person aggrieved by the failure of...

Section 823.014. Applicability of Chapter to Foreign or Alien Insurer - Sec. 823.014. APPLICABILITY OF CHAPTER TO FOREIGN OR ALIEN INSURER....

Section 823.0145. Supervisory Colleges - Sec. 823.0145. SUPERVISORY COLLEGES. (a) With respect to any insurer...

Section 823.0147. Group-Wide Supervision of Internationally Active Insurance Groups - Sec. 823.0147. GROUP-WIDE SUPERVISION OF INTERNATIONALLY ACTIVE INSURANCE GROUPS. (a)...

Section 823.015. Exemption From Chapter - Sec. 823.015. EXEMPTION FROM CHAPTER. The commissioner may exempt from...

Subchapter B. Registration

Section 823.051. Registration by Insurer Required - Sec. 823.051. REGISTRATION BY INSURER REQUIRED. (a) Each insurer authorized...

Section 823.052. Required Information; Registration Statement - Sec. 823.052. REQUIRED INFORMATION; REGISTRATION STATEMENT. (a) To register as...

Section 823.053. Reporting Material Changes - Sec. 823.053. REPORTING MATERIAL CHANGES. (a) To keep the information...

Section 823.054. Material Information - Sec. 823.054. MATERIAL INFORMATION. (a) Information about a transaction is...

Section 823.055. Annual Registration Statement; Summary of Material Changes - Sec. 823.055. ANNUAL REGISTRATION STATEMENT; SUMMARY OF MATERIAL CHANGES. (a)...

Section 823.056. Termination of Registration - Sec. 823.056. TERMINATION OF REGISTRATION. The commissioner shall terminate the...

Section 823.057. Consolidated Filing - Sec. 823.057. CONSOLIDATED FILING. The commissioner may require or permit...

Section 823.058. Alternative Registration - Sec. 823.058. ALTERNATIVE REGISTRATION. The commissioner may permit an insurer...

Section 823.059. Exemptions - Sec. 823.059. EXEMPTIONS. (a) The registration requirement under Section 823.051...

Section 823.0595. Enterprise Risk Report - Sec. 823.0595. ENTERPRISE RISK REPORT. (a) Except as provided by...

Section 823.060. Violation of Subchapter - Sec. 823.060. VIOLATION OF SUBCHAPTER. The failure to file a...

Subchapter C. Transactions of Registered Insurer

Section 823.101. Standards for Transaction Within an Insurance Holding Company System - Sec. 823.101. STANDARDS FOR TRANSACTION WITHIN AN INSURANCE HOLDING COMPANY...

Section 823.103. Notice of and Commissioner's Decision on Specified Transactions - Sec. 823.103. NOTICE OF AND COMMISSIONER'S DECISION ON SPECIFIED TRANSACTIONS....

Section 823.104. Prohibition of Action to Avoid Application of Subchapter - Sec. 823.104. PROHIBITION OF ACTION TO AVOID APPLICATION OF SUBCHAPTER....

Section 823.105. Type of Authority Provided - Sec. 823.105. TYPE OF AUTHORITY PROVIDED. Nothing in Section 823.103...

Section 823.106. Standards of Review; Reasons for Disapproval - Sec. 823.106. STANDARDS OF REVIEW; REASONS FOR DISAPPROVAL. (a) In...

Section 823.107. Extraordinary Dividends or Distributions - Sec. 823.107. EXTRAORDINARY DIVIDENDS OR DISTRIBUTIONS. (a) Except as provided...

Subchapter D. Control of Domestic Insurer; Acquisition or Merger

Section 823.151. Presumption of Control - Sec. 823.151. PRESUMPTION OF CONTROL. (a) Control of an entity...

Section 823.152. Employment of Experts - Sec. 823.152. EMPLOYMENT OF EXPERTS. (a) The commissioner may employ...

Section 823.153. Controller of Domestic Insurer Considered Domestic Insurer - Sec. 823.153. CONTROLLER OF DOMESTIC INSURER CONSIDERED DOMESTIC INSURER. For...

Section 823.154. Requirements for Acquisition or Exercise of Control or Divestiture of Domestic Insurer - Sec. 823.154. REQUIREMENTS FOR ACQUISITION OR EXERCISE OF CONTROL OR...

Section 823.155. Amendment of Statement - Sec. 823.155. AMENDMENT OF STATEMENT. If a material change occurs...

Section 823.156. Notice Expenses - Sec. 823.156. NOTICE EXPENSES. (a) A person who files a...

Section 823.157. Approval of Acquisition, Change, or Divestiture of Control - Sec. 823.157. APPROVAL OF ACQUISITION, CHANGE, OR DIVESTITURE OF CONTROL....

Section 823.159. Hearing; Time of Determination - Sec. 823.159. HEARING; TIME OF DETERMINATION. (a) A hearing under...

Section 823.160. Deadline for Completion of Acquisition - Sec. 823.160. DEADLINE FOR COMPLETION OF ACQUISITION. (a) An acquisition...

Section 823.161. Insurer's Duty to Notify - Sec. 823.161. INSURER'S DUTY TO NOTIFY. (a) Not later than...

Section 823.162. Prohibition on Certain Actions Related to Acquisition of Control or Merger - Sec. 823.162. PROHIBITION ON CERTAIN ACTIONS RELATED TO ACQUISITION OF...

Section 823.163. Retention of Control - Sec. 823.163. RETENTION OF CONTROL. (a) This section applies only...

Section 823.164. Exemptions From Subchapter - Sec. 823.164. EXEMPTIONS FROM SUBCHAPTER. (a) This subchapter does not...

Section 823.165. Violation of Subchapter - Sec. 823.165. VIOLATION OF SUBCHAPTER. The failure to file a...

Subchapter E. Acquisition Statement

Section 823.201. Acquiring Person - Sec. 823.201. ACQUIRING PERSON. (a) A statement required under Section...

Section 823.202. Consideration for Acquisition - Sec. 823.202. CONSIDERATION FOR ACQUISITION. (a) A statement required under...

Section 823.203. Financial Information About Acquiring Person - Sec. 823.203. FINANCIAL INFORMATION ABOUT ACQUIRING PERSON. (a) A statement...

Section 823.204. Plan for Future of Insurer - Sec. 823.204. PLAN FOR FUTURE OF INSURER. A statement required...

Section 823.205. Voting Securities - Sec. 823.205. VOTING SECURITIES. (a) In this section, "voting security"...

Section 823.206. Additional Information About Acquiring Organization - Sec. 823.206. ADDITIONAL INFORMATION ABOUT ACQUIRING ORGANIZATION. (a) If the...

Section 823.207. Oath or Affirmation Required - Sec. 823.207. OATH OR AFFIRMATION REQUIRED. A statement required under...

Subchapter F. Insurer's Loans to or Investment in Affiliate

Section 823.251. Definition - Sec. 823.251. DEFINITION. In this subchapter, "securities" includes common stock,...

Section 823.252. General Authority Relating to Affiliates - Sec. 823.252. GENERAL AUTHORITY RELATING TO AFFILIATES. A domestic insurer,...

Section 823.253. General Standard for Investment in Affiliate - Sec. 823.253. GENERAL STANDARD FOR INVESTMENT IN AFFILIATE. (a) A...

Section 823.254. Standard for Investment in Affiliate by Insurer With Low Total Liabilities - Sec. 823.254. STANDARD FOR INVESTMENT IN AFFILIATE BY INSURER WITH...

Section 823.255. Agreement of Affiliate to Limit Certain Investments - Sec. 823.255. AGREEMENT OF AFFILIATE TO LIMIT CERTAIN INVESTMENTS. (a)...

Section 823.256. Commissioner's Approval of Investment - Sec. 823.256. COMMISSIONER'S APPROVAL OF INVESTMENT. With the prior approval...

Section 823.257. Determination Required Before Investment - Sec. 823.257. DETERMINATION REQUIRED BEFORE INVESTMENT. (a) Whether an investment...

Section 823.258. Disposition of Investment in Subsidiary After Cessation of Control - Sec. 823.258. DISPOSITION OF INVESTMENT IN SUBSIDIARY AFTER CESSATION OF...

Section 823.259. Exemption From Certain Limitations; Investment Authority Cumulative of Other Law - Sec. 823.259. EXEMPTION FROM CERTAIN LIMITATIONS; INVESTMENT AUTHORITY CUMULATIVE OF...

Subchapter G. Valuation of Investment for Financial Statement

Section 823.301. Scope of Subchapter - Sec. 823.301. SCOPE OF SUBCHAPTER. (a) This subchapter applies only...

Section 823.302. Bases for Determining Valuation - Sec. 823.302. BASES FOR DETERMINING VALUATION. Subject to this subchapter,...

Section 823.303. Adjustment to Determination - Sec. 823.303. ADJUSTMENT TO DETERMINATION. If an affiliate is valued...

Section 823.304. Use of Different Bases - Sec. 823.304. USE OF DIFFERENT BASES. An insurer is not...

Section 823.305. Valuating Acquired Affiliate - Sec. 823.305. VALUATING ACQUIRED AFFILIATE. (a) Not later than the...

Section 823.306. Use of Unaudited Information - Sec. 823.306. USE OF UNAUDITED INFORMATION. If an affiliate is...

Section 823.307. Modification by Commissioner - Sec. 823.307. MODIFICATION BY COMMISSIONER. After notice and opportunity for...

Subchapter H. Examinations

Section 823.351. Examination of Insurer - Sec. 823.351. EXAMINATION OF INSURER. (a) Subject to Section 823.352,...

Section 823.352. Limitation on Power - Sec. 823.352. LIMITATION ON POWER. The commissioner may exercise power...

Section 823.353. Payment of Examination Costs - Sec. 823.353. PAYMENT OF EXAMINATION COSTS. (a) Each registered insurer...

Section 823.354. Use of Advisors - Sec. 823.354. USE OF ADVISORS. (a) The commissioner may employ...

Section 823.355. Cumulative Authority - Sec. 823.355. CUMULATIVE AUTHORITY. The authority provided by this subchapter...

Subchapter I. Limitations Relating to Controlled Insurers

Section 823.401. Prohibition of Indirect Action for Controlled Insurer - Sec. 823.401. PROHIBITION OF INDIRECT ACTION FOR CONTROLLED INSURER. (a)...

Section 823.402. Prohibition on Voting Certain Securities - Sec. 823.402. PROHIBITION ON VOTING CERTAIN SECURITIES. (a) A security...

Section 823.403. Management of Controlled Insurer - Sec. 823.403. MANAGEMENT OF CONTROLLED INSURER. (a) The control of...

Subchapter J. Civil Remedies and Sanctions

Section 823.451. Receivership - Sec. 823.451. RECEIVERSHIP. If it appears to the commissioner that...

Section 823.452. Revocation, Suspension, or Nonrenewal of Insurer's Authority - Sec. 823.452. REVOCATION, SUSPENSION, OR NONRENEWAL OF INSURER'S AUTHORITY. (a)...

Section 823.453. Voiding Unauthorized Action - Sec. 823.453. VOIDING UNAUTHORIZED ACTION. If it appears to the...

Section 823.454. Administrative Penalty - Sec. 823.454. ADMINISTRATIVE PENALTY. (a) A director or officer of...

Section 823.455. Equitable Relief - Sec. 823.455. EQUITABLE RELIEF. (a) If it appears to the...

Section 823.456. Seizure or Sequestration of Voting Securities - Sec. 823.456. SEIZURE OR SEQUESTRATION OF VOTING SECURITIES. If a...

Section 823.457. Long Arm Jurisdiction; Service of Process - Sec. 823.457. LONG ARM JURISDICTION; SERVICE OF PROCESS. (a) The...

Section 823.458. Sanctions - Sec. 823.458. SANCTIONS. An entity that holds a certificate of...

Subchapter K. Criminal Penalties

Section 823.501. Offense of Violating Chapter - Sec. 823.501. OFFENSE OF VIOLATING CHAPTER. (a) A person commits...

Section 823.502. Offense of Subscribing to or Making False Statement - Sec. 823.502. OFFENSE OF SUBSCRIBING TO OR MAKING FALSE STATEMENT....

Section 823.503. Beginning Criminal Proceedings - Sec. 823.503. BEGINNING CRIMINAL PROCEEDINGS. If it appears to the...

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Texas Statutes Subtitle B - Organization of Regulated Entities Chapter 823 - Insurance Holding Company Systems

Texas Statutes
Subtitle B - Organization of Regulated Entities
Chapter 823 - Insurance Holding Company Systems