Texas § 823.307 MODIFICATION BY COMMISSIONER.

Texas Statutes

§ 823.307 — MODIFICATION BY COMMISSIONER.

Texas § 823.307

Code INInsurance Code

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Bluebook

Tex. Insurance Code Code Ann. § 823.307 (2026).

Text

Sec. 823.307. MODIFICATION BY COMMISSIONER. After notice and opportunity for a hearing, the commissioner may:

(1)determine that the basis used for valuation of the stock of an affiliate does not, under the specific circumstances, reflect the value of the affiliate; and

(2)order an adjustment in the valuation or the use of another basis of valuation provided by this subchapter. SUBCHAPTER H. EXAMINATIONS

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Sec. 823.307. MODIFICATION BY COMMISSIONER. After notice and opportunity for a hearing, the commissioner may:
(1) determine that the basis used for valuation of the stock of an affiliate does not, under the specific circumstances, reflect the value of the affiliate; and
(2) order an adjustment in the valuation or the use of another basis of valuation provided by this subchapter.
SUBCHAPTER H. EXAMINATIONS