Standards of Review; Reasons For Disapproval

Sec. 823.106. STANDARDS OF REVIEW; REASONS FOR DISAPPROVAL. (a) In reviewing a transaction under this subchapter, the commissioner shall consider whether the transaction: (1) complies with the standards provided by Section 823.101; and (2) may adversely affect the interest of the insurer's policyholders. (b) The commissioner shall set forth the specific reasons for the disapproval of a transaction reviewed under Subsection (a). Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.