Texas Insurance Code

§ 425.203 — LIMITATION ON FUNDS AND OTHER ASSETS

IN § 425.203Title 4. REGULATION OF SOLVENCY · Part B. RESERVES AND INVESTMENTS · Ch. 425. RESERVES AND INVESTMENTS FOR LIFE INSURANCE · Art. D. AUTHORIZED INVESTMENTS AND TRANSACTIONS FOR OTHER LIFE, HEALTH, AND ACCIDENT INSURERS

Statute text

View on source

(a)An insurer may not use the insurer's funds to make an investment or loan that is not authorized by this subchapter.

(b)An insurer may not secure, hold, or convey real property except as authorized by this subchapter.

Legislative history

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