Tex. Insurance Code § 823.012
This is the official text of Tex. Insurance Code § 823.012, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
§ 823.012. RULES; PROCEDURES FOR CONSIDERING CERTAIN DISTRIBUTIONS.
Official statutory text
(a) The commissioner may, after notice and opportunity for all interested persons to be heard, adopt rules and issue orders to implement this chapter, including the conducting of business and proceedings under this chapter.
(b) The commissioner by rule shall establish procedures to:
(1) promptly consider the prepayment notices reported under Section 823.053(b);
(2) annually review each reported ordinary dividend paid within the 12 months preceding the date of the report; and
(3) take appropriate actions authorized by this code.
(c) A procedure established under Subsection (b)(1) must include consideration of the factors provided by Section 823.008.
(d) A rule or order under this section must be consistent with this chapter.
(b) The commissioner by rule shall establish procedures to:
(1) promptly consider the prepayment notices reported under Section 823.053(b);
(2) annually review each reported ordinary dividend paid within the 12 months preceding the date of the report; and
(3) take appropriate actions authorized by this code.
(c) A procedure established under Subsection (b)(1) must include consideration of the factors provided by Section 823.008.
(d) A rule or order under this section must be consistent with this chapter.
Status: in_force · Read it on the official government site
Need a lawyer in Texas?
Find a Texas lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.