Sec. 823.307. MODIFICATION BY COMMISSIONER. After notice and opportunity for a hearing, the commissioner may:
(1) determine that the basis used for valuation of the stock of an affiliate does not, under the specific circumstances, reflect the value of the affiliate; and
(2) order an adjustment in the valuation or the use of another basis of valuation provided by this subchapter.
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 G. Valuation of Investment for Financial Statement
Section 823.301. Scope of Subchapter
Section 823.302. Bases for Determining Valuation
Section 823.303. Adjustment to Determination
Section 823.304. Use of Different Bases
Section 823.305. Valuating Acquired Affiliate