Texas Insurance Code

§ 424.103 — INVESTMENT POOL REQUIREMENTS AND QUALIFICATIONS

IN § 424.103Title 4. REGULATION OF SOLVENCY · Part B. RESERVES AND INVESTMENTS · Ch. 424. INVESTMENTS FOR CERTAIN INSURERS · Art. C. INVESTMENT POOLS

(a)An investment pool must be a business entity.

(b)To be qualified, an investment pool must:

(1)have a written pooling agreement and a pool manager that comply with the requirements of this subchapter; and

(2)comply with Subsection (c).

(c)The investment pool may not:

(1)acquire securities issued, assumed, guaranteed, or insured by the investing insurer or an affiliate of the investing insurer;

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Legislative history

Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.