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Texas Insurance Code - INS § 823.206. Additional Information About Acquiring Organization

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) If the person required to file the statement under Section 823.154 is a partnership, limited partnership, syndicate, or other group, the commissioner may require that the information required for an individual under this subchapter be given with respect to:

(1) each person who is a partner of the partnership or limited partnership or a member of the syndicate or group; and

(2) each person who controls a person described by Subdivision (1).

(b) If the person required to file the statement under Section 823.154 or the person with respect to whom information is required under Subsection (a) is a corporation, the commissioner may require that:

(1) the information required under this subchapter be given with respect to that corporation; and

(2) the information required for an individual under this subchapter be given with respect to:

(A) each executive officer and director of that corporation; and

(B) each person who is directly or indirectly the beneficial owner of more than 10 percent of the outstanding voting securities of that corporation.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 823.206. Additional Information About Acquiring Organization - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-823-206/

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