Texas Insurance Code 823.307 – Modification by Commissioner
Current as of: 2024 | Check for updates
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After notice and opportunity for a hearing, the commissioner may:
(1) determine that the basis used for valuation of the stock of an affiliate does not, under the specific circumstances, reflect the value of the affiliate; and
(2) order an adjustment in the valuation or the use of another basis of valuation provided by this subchapter.