{"data":{"id":"us-tx/tex.-insurance-code-823.104","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 823.104","heading":"PROHIBITION OF ACTION TO AVOID APPLICATION OF SUBCHAPTER.","body":"(a) A domestic insurer may not enter into transactions with persons in the insurer's insurance holding company system if:\n(1) the transactions are part of a plan or series of similar transactions; and\n(2) the purpose of entering into the transactions is to avoid a threshold amount provided by Section 823.103.\n(b) If the commissioner determines that over any 12-month period a domestic insurer enters into transactions that violate Subsection (a), the commissioner may:\n(1) consider the cumulative effect of the transactions; and\n(2) apply:\n(A) Section 823.103; or\n(B) sanctions under this code.\nAdded by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.\nAmended by:\nActs 2013, 83rd Leg., R.S., Ch. 1087 (H.B. 3460), Sec. 5, eff. June 14, 2013.","path":["INSURANCE CODE","TITLE 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES","SUBTITLE B. ORGANIZATION OF REGULATED ENTITIES","CHAPTER 823. INSURANCE HOLDING COMPANY SYSTEMS","SUBCHAPTER C. TRANSACTIONS OF REGISTERED INSURER"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.823.htm#823.104","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"13e0714f239b4a9a5576f8b0cfa2c9d387dfd70df5be507c893a57757afcc0aa","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-823.103","next":"us-tx/tex.-insurance-code-823.105"},"notice":"GroundRules: Original legal text. Not legal advice."}