Tex. Insurance Code § 823.012
RULES; PROCEDURES FOR CONSIDERING CERTAIN DISTRIBUTIONS
Texas · Texas Insurance Code · Status: effective
Cite this
- Citation
- Tex. Insurance Code § 823.012, RULES; PROCEDURES FOR CONSIDERING CERTAIN DISTRIBUTIONS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/679023
- Permanent ID
ys:prov:679023@1- SHA-256
b658640b88b382b37ebc2d84e394e4e9a17599f0eb9ffe9e16172727e82bdea2
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) The commissioner may, after notice and opportunity for all interested persons to be heard, adopt rules and issue orders to implement this chapter, including the conducting of business and proceedings under this chapter.
(b) The commissioner by rule shall establish procedures to:
(1) promptly consider the prepayment notices reported under Section 823.053(b);
(2) annually review each reported ordinary dividend paid within the 12 months preceding the date of the report; and
(3) take appropriate actions authorized by this code.
(c) A procedure established under Subsection (b)(1) must include consideration of the factors provided by Section 823.008.
(d) A rule or order under this section must be consistent with this chapter.