Tex. Ins. Code §§ 823.151 through 823.165: Insurance Holding Company Systems– Control of Domestic Insurer; Acquisition or Merger – Texas

Status: Enacted
Year Enacted: 2001
Year Amended: 2011
File: Download

The commissioner shall approve or deny an acquisition, change, or divestiture of control for which a statement or notice is filed under Section 823.154 not later than the 60th date after the date the statement required by that section is filed. A person may not effect or attempt to effect an acquisition of control of or merger with a domestic insurer unless the commissioner has approved the acquisition or merger.

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