Sec. 823.106.  STANDARDS OF REVIEW;  REASONS FOR DISAPPROVAL.  (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.