Tex. Insurance Code § 823.206
This is the official text of Tex. Insurance Code § 823.206, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 823.206. ADDITIONAL INFORMATION ABOUT ACQUIRING ORGANIZATION.
Official statutory text
(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.
(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.
Status: in_force · Read it on the official government site
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