Tex. Insurance Code § 402.053
CONTENT OF REPORT CONCERNING MATERIAL ACQUISITIONS AND DISPOSITIONS
Texas · Texas Insurance Code · Status: effective
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- Citation
- Tex. Insurance Code § 402.053, CONTENT OF REPORT CONCERNING MATERIAL ACQUISITIONS AND DISPOSITIONS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/677358
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Full text
In a report of a material acquisition or disposition of assets under Section 402.002, an insurer or health maintenance organization shall disclose:
(1) the date of the transaction;
(2) the manner of acquisition or disposition;
(3) a description of the assets involved;
(4) the nature and amount of the consideration given or received;
(5) the purpose of the transaction;
(6) the manner by which the amount of consideration was determined;
(7) the gain or loss recognized or realized as a result of the transaction; and
(8) the name of each person from whom the assets were acquired or to whom they were disposed.