Tex. Ins. Code Section 402.053
Content of Report Concerning Material Acquisitions and Dispositions

In a report of a material acquisition or disposition of assets under Section 402.002 (General Reporting Requirements), 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.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.

Source: Section 402.053 — Content of Report Concerning Material Acquisitions and Dispositions, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­402.­htm#402.­053 (accessed May 11, 2024).

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Accessed:
May 11, 2024

§ 402.053’s source at texas​.gov