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Tex. Ins. Code § 823.106

STANDARDS OF REVIEW; REASONS FOR DISAPPROVAL

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff

(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).

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.