{"data":{"id":"us-tx/tex.-insurance-code-823.305","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 823.305","heading":"VALUATING ACQUIRED AFFILIATE.","body":"(a) Not later than the 30th day after the date an insurer acquires an affiliate that is not an insurer, the insurer shall file with the commissioner relevant information identifying, supporting, and justifying the value of the affiliate and the basis of valuation under Section 823.302 used for that affiliate.\n(b) After filing the information under Subsection (a), the insurer shall use the specified basis of valuation for that affiliate unless a change is substantiated as reasonable to and is approved in writing by the commissioner.\nAdded by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.","path":["INSURANCE CODE","TITLE 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES","SUBTITLE B. ORGANIZATION OF REGULATED ENTITIES","CHAPTER 823. INSURANCE HOLDING COMPANY SYSTEMS","SUBCHAPTER G. VALUATION OF INVESTMENT FOR FINANCIAL STATEMENT"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.823.htm#823.305","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"3dfff5a1fd789b9c4450a4ac2a6bf5cb6249a654aa5bfd368a63a62de388f424","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-823.304","next":"us-tx/tex.-insurance-code-823.306"},"notice":"GroundRules: Original legal text. Not legal advice."}