Texas Insurance Code

§ 427.051 — LOAN OR ADVANCE PERMITTED

IN § 427.051Title 4. REGULATION OF SOLVENCY · Part B. RESERVES AND INVESTMENTS · Ch. 427. SUBORDINATED INDEBTEDNESS · Art. B. LOAN, ADVANCE, AND OTHER INDEBTEDNESS

Statute text

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An insurer or health maintenance organization may obtain a loan or an advance, repayable with interest, of:

(1)cash;

(2)cash equivalents; or

(3)other assets that have a readily determinable value and are satisfactory to the commissioner.

Legislative history

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