(a) In reviewing a transaction under this subchapter, the commissioner shall consider whether the transaction:
- (1) complies with the standards provided by Section 823.101; and
- (2) may adversely affect the interest of the insurer's policyholders.
- (b) The commissioner shall set forth the specific reasons for the disapproval of a transaction reviewed under Subsection (a).
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.