Texas Insurance Code 823.162 – Prohibition On Certain Actions Related to Acquisition of Control or Merger
Current as of: 2024 | Check for updates
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Terms Used In Texas Insurance Code 823.162
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
A person may not effect or attempt to effect an acquisition of control of or merger with a domestic insurer unless the commissioner has approved the acquisition or merger.