Sec. 823.106. STANDARDS OF REVIEW; REASONS FOR DISAPPROVAL

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(a) In reviewing a transaction under this subchapter, the commissioner shall consider whether the transaction:
(1) complies with the standards provided by Section 823.101; and
(2) may adversely affect the interest of the insurer's policyholders.
(b) The commissioner shall set forth the specific reasons for the disapproval of a transaction reviewed under Subsection (a).

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.

                    
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