Texas § IN.823.053 - REPORTING MATERIAL CHANGES
Full text of Texas The Texas Constitution § IN.823.053 — REPORTING MATERIAL CHANGES, with citation guidance and answers to common questions.
§ IN.823.053. REPORTING MATERIAL CHANGES
REPORTING MATERIAL CHANGES. (a) To keep the information required to be disclosed in a registration statement filed under Section 823.052 current, a registered insurer shall report each material change to the information, including the addition of information, not later than the 15th day after the last day of the month in which the insurer learns of the change. (b) Subject to Section 823.107 , each registered insurer shall report each dividend or distribution made to the shareholders not later than the earlier of: (1) the second business day after the date the dividend or distribution is declared; or (2) the 11th day before the date of payment. (c) For purposes of this section, reports are considered to be made when received by the department. (d) Reports made under this section are for informational purposes only. (e) An insurer is not required to report under this section a transaction that is approved under Section 823.103 . That approval is considered to be an amendment of the registration statement filed under Section 823.052 without being reported under this section. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003. Amended by: Acts 2013, 83rd Leg., R.S., Ch. 1087 (H.B. 3460 ), Sec. 3, eff. June 14, 2013.
Frequently Asked Questions About Texas § IN.823.053
What does The Texas Constitution § IN.823.053 cover?
Section IN.823.053 ("REPORTING MATERIAL CHANGES") 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.823.053?
A common citation format is "The Texas Constitution § IN.823.053" (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.823.053 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.