Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES |
Subtitle B. ORGANIZATION OF REGULATED ENTITIES |
Chapter 823. INSURANCE HOLDING COMPANY SYSTEMS |
Subchapter D. CONTROL OF DOMESTIC INSURER; ACQUISITION OR MERGER |
Sec. 823.162. PROHIBITION ON CERTAIN ACTIONS RELATED TO ACQUISITION OF CONTROL OR MERGER
Latest version.
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A person may not effect or attempt to effect an acquisition of control of or merger with a domestic insurer unless the commissioner has approved the acquisition or merger.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.