Texas § IN.823.305 - VALUATING ACQUIRED AFFILIATE

Full text of Texas The Texas Constitution § IN.823.305 — VALUATING ACQUIRED AFFILIATE, with citation guidance and answers to common questions.

§ IN.823.305. VALUATING ACQUIRED AFFILIATE

VALUATING ACQUIRED AFFILIATE. (a) Not later than the 30th day after the date an insurer acquires an affiliate that is not an insurer, the insurer shall file with the commissioner relevant information identifying, supporting, and justifying the value of the affiliate and the basis of valuation under Section 823.302 used for that affiliate. (b) After filing the information under Subsection (a), the insurer shall use the specified basis of valuation for that affiliate unless a change is substantiated as reasonable to and is approved in writing by the commissioner. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.

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Frequently Asked Questions About Texas § IN.823.305

What does The Texas Constitution § IN.823.305 cover?

Section IN.823.305 ("VALUATING ACQUIRED AFFILIATE") 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.823.305?

A common citation format is "The Texas Constitution § IN.823.305" (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.823.305 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

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