Tex. Ins. Code § 823.307

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 823.307 - Modification By Commissioner

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.

Tex. Ins. Code § 823.307

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. 6/1/2003.