Texas § IN.402.051 - ACQUISITIONS AND DISPOSITIONS CONSIDERED MATERIAL
Full text of Texas The Texas Constitution § IN.402.051 — ACQUISITIONS AND DISPOSITIONS CONSIDERED MATERIAL, with citation guidance and answers to common questions.
§ IN.402.051. ACQUISITIONS AND DISPOSITIONS CONSIDERED MATERIAL
ACQUISITIONS AND DISPOSITIONS CONSIDERED MATERIAL. For purposes of this chapter, an acquisition, or the aggregate of a series of related acquisitions during a 30-day period, or a disposition, or the aggregate of a series of related dispositions during a 30-day period, is material if it: (1) is not recurring; (2) is not in the ordinary course of business; and (3) involves more than five percent of the reporting insurer's or health maintenance organization's total admitted assets as reported in the insurer's or health maintenance organization's most recent statutory statement filed with the department. Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 1, eff. April 1, 2007.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § IN.402.051
What does The Texas Constitution § IN.402.051 cover?
Section IN.402.051 ("ACQUISITIONS AND DISPOSITIONS CONSIDERED MATERIAL") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § IN.402.051?
A common citation format is "The Texas Constitution § IN.402.051" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § IN.402.051 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.