Texas § IN.823.303 - ADJUSTMENT TO DETERMINATION
Full text of Texas The Texas Constitution § IN.823.303 — ADJUSTMENT TO DETERMINATION, with citation guidance and answers to common questions.
§ IN.823.303. ADJUSTMENT TO DETERMINATION
ADJUSTMENT TO DETERMINATION. If an affiliate is valued using a method other than the method provided by Section 823.302 (2)(C), the valuation of the investment is computed by subtracting from the determined value an amount equal to the value claimed for any of the affiliate's assets that would not be admitted assets for the insurer if held directly by the insurer and that: (1) are held by the affiliate but are used, including use under a lease agreement, significantly in the conduct of the insurer's business; or (2) were acquired from or purchased for the benefit or use of the insurer by the affiliate under specific circumstances that, in the commissioner's opinion, support a reasonable finding that the primary purpose of the acquisition or purchase was to evade or avoid application of this code. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Frequently Asked Questions About Texas § IN.823.303
What does The Texas Constitution § IN.823.303 cover?
Section IN.823.303 ("ADJUSTMENT TO DETERMINATION") 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.823.303?
A common citation format is "The Texas Constitution § IN.823.303" (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.823.303 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.