Texas § 823.053 REPORTING MATERIAL CHANGES.

Texas Statutes

§ 823.053 — REPORTING MATERIAL CHANGES.

Texas § 823.053

Code INInsurance Code

This text of Texas § 823.053 (REPORTING MATERIAL CHANGES.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Insurance Code Code Ann. § 823.053 (2026).

Text

Sec. 823.053. REPORTING MATERIAL CHANGES.

(a)To keep the information required to be disclosed in a registration statement filed under Section 823.052 current, a registered insurer shall report each material change to the information, including the addition of information, not later than the 15th day after the last day of the month in which the insurer learns of the change.

(b)Subject to Section 823.107 , each registered insurer shall report each dividend or distribution made to the shareholders not later than the earlier of:

(1)the second business day after the date the dividend or distribution is declared; or

(2)the 11th day before the date of payment.

(c)For purposes of this section, reports are considered to be made when received by the department.

(d)Reports made under this secti

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Sec. 823.053. REPORTING MATERIAL CHANGES. (a) To keep the information required to be disclosed in a registration statement filed under Section 823.052 current, a registered insurer shall report each material change to the information, including the addition of information, not later than the 15th day after the last day of the month in which the insurer learns of the change.
(b) Subject to Section 823.107 , each registered insurer shall report each dividend or distribution made to the shareholders not later than the earlier of:
(1) the second business day after the date the dividend or distribution is declared; or
(2) the 11th day before the date of payment.
(c) For purposes of this section, reports are considered to be made when received by the department.
(d) Reports made under this section are for informational purposes only.
(e) An insurer is not required to report under this section a transaction that is approved under Section 823.103 . That approval is considered to be an amendment of the registration statement filed under Section 823.052 without being reported under this section.

Legislative History

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003. Amended by: Acts 2013, 83rd Leg., R.S., Ch. 1087 (H.B. 3460 ), Sec. 3, eff. June 14, 2013.