Texas § IN.402.053 - CONTENT OF REPORT CONCERNING MATERIAL ACQUISITIONS AND DISPOSITIONS
Full text of Texas The Texas Constitution § IN.402.053 — CONTENT OF REPORT CONCERNING MATERIAL ACQUISITIONS AND DISPOSITIONS, with citation guidance and answers to common questions.
§ IN.402.053. CONTENT OF REPORT CONCERNING MATERIAL ACQUISITIONS AND DISPOSITIONS
CONTENT OF REPORT CONCERNING MATERIAL ACQUISITIONS AND DISPOSITIONS. In a report of a material acquisition or disposition of assets under Section 402.002 , an insurer or health maintenance organization shall disclose: (1) the date of the transaction; (2) the manner of acquisition or disposition; (3) a description of the assets involved; (4) the nature and amount of the consideration given or received; (5) the purpose of the transaction; (6) the manner by which the amount of consideration was determined; (7) the gain or loss recognized or realized as a result of the transaction; and (8) the name of each person from whom the assets were acquired or to whom they were disposed. Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 1, eff. April 1, 2007. SUBCHAPTER C. NONRENEWAL, CANCELLATION, AND REVISION OF CEDED REINSURANCE AGREEMENTS
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § IN.402.053
What does The Texas Constitution § IN.402.053 cover?
Section IN.402.053 ("CONTENT OF REPORT CONCERNING MATERIAL ACQUISITIONS AND DISPOSITIONS") 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.402.053?
A common citation format is "The Texas Constitution § IN.402.053" (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.402.053 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.