Texas Insurance Code

§ 425.008 — AUTHORIZED INVESTMENTS FOR FOREIGN COMPANIES

IN § 425.008Title 4. REGULATION OF SOLVENCY · Part B. RESERVES AND INVESTMENTS · Ch. 425. RESERVES AND INVESTMENTS FOR LIFE INSURANCE · Art. A. GENERAL PROVISIONS

Statute text

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A foreign company shall invest the company's assets in:

(1)securities or property of the same classes in which the law of this state permits a domestic insurance company to invest; or

(2)securities permitted by other law of this state and approved by the commissioner as being of substantially the same grade as securities or property in which a domestic insurance company is permitted to invest.

Legislative history

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