Texas Insurance Code

§ 425.009 — STUDENT LOANS

IN § 425.009Title 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 or domestic life insurance company may make loans to a student enrolled in an institution of higher education if the principal amount of the loan is insured by:

(1)the federal government under the Higher Education Act of 1965 (Pub. L. No. 89-329), as amended; or

(2)the Texas Guaranteed Student Loan Corporation under Chapter 57, Education Code.

Legislative history

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