Sec. 402.002. GENERAL REPORTING REQUIREMENTS. (a) An insurer or health maintenance organization shall file with the department a report, including any necessary exhibit or other attachment, that discloses:
(1) the material acquisition or disposition of assets; or
(2) the material nonrenewal, cancellation, or revision of a ceded reinsurance agreement.
(b) The insurer or health maintenance organization shall file the report required under Subsection (a) not later than the 15th day after the last day of the calendar month in which any transaction for which a report is required occurs.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.
Structure Texas Statutes
Title 4 - Regulation of Solvency
Subtitle A - General Provisions
Chapter 402 - Disclosure of Material Transactions
Subchapter A. General Provisions
Section 402.001. Applicability of Chapter
Section 402.002. General Reporting Requirements
Section 402.003. Exceptions to Reporting Requirements