FINANCIAL INFORMATION ABOUT ACQUIRING PERSON

(a) A statement required under Section 823.154 must contain: (1) fully audited financial information about the earnings and financial condition of the acquiring person for the preceding three fiscal years or, if the acquiring person and any predecessors of the acquiring person have been in existence for less than three fiscal years, for that shorter period; and (2) similar unaudited financial information about the earnings and financial condition of the acquiring person as of a date not earlier than the 120th day preceding the date the statement is filed. (b) The statement must be accompanied by an affidavit or certification of the chief financial officer of the acquiring person stating that: (1) the unaudited financial information provided under Subsection (a) is true and correct, as of its date; and (2) a material change in financial condition, as determined under Section 823.054, did not occur during the period beginning on the date of that information and ending on the date of the affidavit or certification. (c) If an acquiring person is an individual, the acquiring person shall provide the personal unaudited financial information required by the commissioner. (d) If an acquiring person is an insurer authorized to engage in the business of insurance in this state and actively engaging in the business of insurance, the acquiring person may provide financial statements that conform to the requirements of: (1) the annual statements of the insurer filed with the insurance department of the insurer's state of domicile; and (2) insurance or other accounting principles prescribed by or authorized under the law and regulations of the state of domicile. (e) A statement required under Section 823.154 must contain additional financial information in the form or substance required by the commissioner that is material to a finding under Section 823.157(3). (f) The commissioner may waive any financial information required under this section that the commissioner does not consider to be material.