Texas § 823.204 PLAN FOR FUTURE OF INSURER.

Texas Statutes

§ 823.204 — PLAN FOR FUTURE OF INSURER.

Texas § 823.204

Code INInsurance Code

This text of Texas § 823.204 (PLAN FOR FUTURE OF INSURER.) 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. § 823.204 (2026).

Text

Sec. 823.204. PLAN FOR FUTURE OF INSURER. A statement required under Section 823.154 must contain:

(1)any plan or proposal of the acquiring person to:

(A)cause the insurer to pay dividends or make distributions;

(B)liquidate the insurer;

(C)sell any of the insurer's assets;

(D)merge or consolidate the insurer with any person;

(E)make any other material change in the insurer's business or corporate structure or management; or

(F)cause the insurer to enter into material agreements, arrangements, or transactions of any kind with any person; and

(2)any oral or written arrangement or agreement between the acquiring person or an affiliate of the acquiring person and the domestic insurer entered into during the 12 months preceding the date of the statement.

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Sec. 823.204. PLAN FOR FUTURE OF INSURER. A statement required under Section 823.154 must contain:
(1) any plan or proposal of the acquiring person to:
(A) cause the insurer to pay dividends or make distributions;
(B) liquidate the insurer;
(C) sell any of the insurer's assets;
(D) merge or consolidate the insurer with any person;
(E) make any other material change in the insurer's business or corporate structure or management; or
(F) cause the insurer to enter into material agreements, arrangements, or transactions of any kind with any person; and
(2) any oral or written arrangement or agreement between the acquiring person or an affiliate of the acquiring person and the domestic insurer entered into during the 12 months preceding the date of the statement.