Sec. 823.106. STANDARDS OF REVIEW; REASONS FOR DISAPPROVAL. (a) In reviewing a transaction under this subchapter, the commissioner shall consider whether the transaction:
(1) complies with the standards provided by Section 823.101; and
(2) may adversely affect the interest of the insurer's policyholders.
(b) The commissioner shall set forth the specific reasons for the disapproval of a transaction reviewed under Subsection (a).
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Structure Texas Statutes
Title 6 - Organization of Insurers and Related Entities
Subtitle B - Organization of Regulated Entities
Chapter 823 - Insurance Holding Company Systems
Subchapter C. Transactions of Registered Insurer
Section 823.101. Standards for Transaction Within an Insurance Holding Company System
Section 823.103. Notice of and Commissioner's Decision on Specified Transactions
Section 823.104. Prohibition of Action to Avoid Application of Subchapter
Section 823.105. Type of Authority Provided
Section 823.106. Standards of Review; Reasons for Disapproval