Texas § IN.548.001 - PURPOSE
Full text of Texas The Texas Constitution § IN.548.001 — PURPOSE, with citation guidance and answers to common questions.
§ IN.548.001. PURPOSE
PURPOSE. (a) The purpose of this chapter is to provide for protection of the public interest, investors, and shareholders of domestic stock insurers by: (1) regulating proxy solicitation by domestic stock insurers; (2) regulating transactions by officers, directors, and principal equity security holders of domestic stock insurers; and (3) requiring appropriate reporting of those solicitations and transactions. (b) To that end the misuse of information by certain insiders of domestic stock insurers shall be prevented and a full and fair disclosure of all material matters relevant to the exercise of the corporate franchise of a shareholder of such an insurer will be promoted and the free exercise of that franchise will be assured. (c) In exercising the authority granted by this chapter to adopt rules, the commissioner shall promote the purposes of this chapter to prevent misuse of information and to encourage good faith dealing and full and fair disclosure. Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005.
Frequently Asked Questions About Texas § IN.548.001
What does The Texas Constitution § IN.548.001 cover?
Section IN.548.001 ("PURPOSE") 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.548.001?
A common citation format is "The Texas Constitution § IN.548.001" (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.548.001 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.