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Texas Insurance Code - INS § 823.306. Use of Unaudited Information

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

If an affiliate is valued using the basis provided by Section 823.302(2)(A) and the books of the affiliate are not audited at the time the valuation is included in the insurer's annual statement, the insurer, as soon as possible after an audit of those books, shall report and explain any difference between the value of the affiliate reported in the insurer's annual statement and the value determined by the audit.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 823.306. Use of Unaudited Information - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-823-306/

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