Texas § 402.052 ACQUISITIONS AND DISPOSITIONS SUBJECT TO CHAPTER.

Texas Statutes

§ 402.052 — ACQUISITIONS AND DISPOSITIONS SUBJECT TO CHAPTER.

Texas § 402.052

Code INInsurance Code

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Bluebook

Tex. Insurance Code Code Ann. § 402.052 (2026).

Text

Sec. 402.052. ACQUISITIONS AND DISPOSITIONS SUBJECT TO CHAPTER.

(a)An asset acquisition subject to this chapter includes a purchase, lease, exchange, merger, consolidation, succession, or other acquisition of assets, except the construction or development of real property by or for the reporting insurer or health maintenance organization or the acquisition of materials for that purpose.

(b)An asset disposition subject to this chapter includes a sale, lease, exchange, merger, consolidation, mortgage, hypothecation, assignment, whether for the benefit of a creditor or otherwise, abandonment, destruction, or other disposition of assets.

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Sec. 402.052. ACQUISITIONS AND DISPOSITIONS SUBJECT TO CHAPTER. (a) An asset acquisition subject to this chapter includes a purchase, lease, exchange, merger, consolidation, succession, or other acquisition of assets, except the construction or development of real property by or for the reporting insurer or health maintenance organization or the acquisition of materials for that purpose.
(b) An asset disposition subject to this chapter includes a sale, lease, exchange, merger, consolidation, mortgage, hypothecation, assignment, whether for the benefit of a creditor or otherwise, abandonment, destruction, or other disposition of assets.