Texas Estates Code

§ 1161.101 — DEFINITION

ES § 1161.101Title 3. GUARDIANSHIP AND RELATED PROCEDURES · Part E. ADMINISTRATION OF GUARDIANSHIP · Ch. 1161. INVESTMENTS AND LOANS OF ESTATES OF WARDS · Art. C. INVESTMENTS IN CERTAIN INSURANCE OR ANNUITIES

Statute text

View on source

In this subchapter, "authorized life insurance company" means a stock or mutual legal reserve life insurance company that:

(1)is licensed by the Texas Department of Insurance to transact the business of life insurance in this state; and

(2)maintains the legal reserve required by the laws of this state.

Legislative history

Added by Acts 2011, 82nd Leg., R.S., Ch. 823 (H.B. 2759), Sec. 1.02, eff. January 1, 2014.