Learn About The Law
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Current as of January 01, 2024 | Updated by Findlaw Staff
In a report of a material acquisition or disposition of assets under Section 402.002, 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.
Cite this article: FindLaw.com - Texas Insurance Code - INS § 402.053. Content of report concerning material acquisitions and dispositions - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-402-053/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Search our directory by legal issue
Enter information in one or both fields (Required)