Texas Statutes
Subtitle B - Reserves and Investments
Chapter 424 - Investments for Certain Insurers

Section 424.054. Applicability of Percentage Authorizations and Limitations - Sec. 424.054. APPLICABILITY OF PERCENTAGE AUTHORIZATIONS AND LIMITATIONS. (a) The...

Section 424.055. Waiver by Commissioner of Quantitative Limitations - Sec. 424.055. WAIVER BY COMMISSIONER OF QUANTITATIVE LIMITATIONS. (a) Notwithstanding...

Section 424.056. Written Investment Plan - Sec. 424.056. WRITTEN INVESTMENT PLAN. (a) Each insurer's board of...

Section 424.057. Investment Records - Sec. 424.057. INVESTMENT RECORDS. An insurer shall maintain investment records...

Section 424.058. Authorized Investments: Form of Minimum Capital and Surplus - Sec. 424.058. AUTHORIZED INVESTMENTS: FORM OF MINIMUM CAPITAL AND SURPLUS....

Section 424.059. Authorized Investments: Government Obligations - Sec. 424.059. AUTHORIZED INVESTMENTS: GOVERNMENT OBLIGATIONS. An insurer may invest...

Section 424.060. Authorized Investments: Stock of National or State Bank - Sec. 424.060. AUTHORIZED INVESTMENTS: STOCK OF NATIONAL OR STATE BANK....

Section 424.061. Authorized Investments: Deposits in Certain Financial Institutions - Sec. 424.061. AUTHORIZED INVESTMENTS: DEPOSITS IN CERTAIN FINANCIAL INSTITUTIONS. (a)...

Section 424.062. Authorized Investments: Certain Obligations of Partnership or Corporation - Sec. 424.062. AUTHORIZED INVESTMENTS: CERTAIN OBLIGATIONS OF PARTNERSHIP OR CORPORATION....

Section 424.064. Authorized Investments: Real Property - Sec. 424.064. AUTHORIZED INVESTMENTS: REAL PROPERTY. (a) Subject to this...

Section 424.065. Acting as Real Estate Broker or Salesperson Prohibited - Sec. 424.065. ACTING AS REAL ESTATE BROKER OR SALESPERSON PROHIBITED....

Section 424.066. Authorized Investments: Obligations Secured by Real Property Loans - Sec. 424.066. AUTHORIZED INVESTMENTS: OBLIGATIONS SECURED BY REAL PROPERTY LOANS....

Section 424.067. Authorized Investments: Transportation Equipment - Sec. 424.067. AUTHORIZED INVESTMENTS: TRANSPORTATION EQUIPMENT. An insurer may invest...

Section 424.068. Authorized Investments: Investment in Foreign Jurisdiction - Sec. 424.068. AUTHORIZED INVESTMENTS: INVESTMENT IN FOREIGN JURISDICTION. (a) In...

Section 424.069. Authorized Investments: Certain Loans - Sec. 424.069. AUTHORIZED INVESTMENTS: CERTAIN LOANS. An insurer may invest...

Section 424.070. Authorized Investments: Obligations of Local Governmental Entities - Sec. 424.070. AUTHORIZED INVESTMENTS: OBLIGATIONS OF LOCAL GOVERNMENTAL ENTITIES. (a)...

Section 424.071. Authorized Investments: the University of Texas - Sec. 424.071. AUTHORIZED INVESTMENTS: THE UNIVERSITY OF TEXAS. An insurer...

Section 424.072. Authorized Investments: Bonds Issued, Assumed, or Guaranteed in International Market - Sec. 424.072. AUTHORIZED INVESTMENTS: BONDS ISSUED, ASSUMED, OR GUARANTEED IN...

Section 424.073. Authorized Investments: Insurer Engaged in Business in Foreign Country - Sec. 424.073. AUTHORIZED INVESTMENTS: INSURER ENGAGED IN BUSINESS IN FOREIGN...

Section 424.074. Other Specifically Authorized Investments - Sec. 424.074. OTHER SPECIFICALLY AUTHORIZED INVESTMENTS. An insurer may invest...

Subchapter C. Investment Pools

Section 424.101. Definitions - Sec. 424.101. DEFINITIONS. In this subchapter: (1) "Business entity" means...

Section 424.102. Authority to Invest in Pool - Sec. 424.102. AUTHORITY TO INVEST IN POOL. An insurer may...

Section 424.103. Investment Pool Requirements and Qualifications - Sec. 424.103. INVESTMENT POOL REQUIREMENTS AND QUALIFICATIONS. (a) An investment...

Section 424.104. Authorized Investments for Short-Term Investment Pool - Sec. 424.104. AUTHORIZED INVESTMENTS FOR SHORT-TERM INVESTMENT POOL. A short-term...

Section 424.105. Short-Term Investment Pool: Certain Short-Term Obligations - Sec. 424.105. SHORT-TERM INVESTMENT POOL: CERTAIN SHORT-TERM OBLIGATIONS. (a) Obligations...

Section 424.107. Authorized Investments for Authorized Investment Pool; Limitation - Sec. 424.107. AUTHORIZED INVESTMENTS FOR AUTHORIZED INVESTMENT POOL; LIMITATION. (a)...

Section 424.108. General Insurer Investment Limitations - Sec. 424.108. GENERAL INSURER INVESTMENT LIMITATIONS. An insurer may not...

Section 424.109. Designation of Pool Manager; Qualifications - Sec. 424.109. DESIGNATION OF POOL MANAGER; QUALIFICATIONS. (a) The pooling...

Section 424.110. Pool Manager to Maintain Assets; Custody Agreement - Sec. 424.110. POOL MANAGER TO MAINTAIN ASSETS; CUSTODY AGREEMENT. (a)...

Section 424.111. Pooling Agreement Provisions - Sec. 424.111. POOLING AGREEMENT PROVISIONS. The pooling agreement for an...

Section 424.112. Withdrawals and Distributions - Sec. 424.112. WITHDRAWALS AND DISTRIBUTIONS. (a) A pool participant must...

Section 424.113. Investment Pool Records - Sec. 424.113. INVESTMENT POOL RECORDS. The pool manager shall compile...

Section 424.114. Inspection of Records - Sec. 424.114. INSPECTION OF RECORDS. The pool manager shall make...

Section 424.115. Reports of Transactions Between Pool and Participant - Sec. 424.115. REPORTS OF TRANSACTIONS BETWEEN POOL AND PARTICIPANT. (a)...

Subchapter D. Dollar Roll, Repurchase, Reverse Repurchase,

Section 424.151. Definitions - Sec. 424.151. DEFINITIONS. In this subchapter: (1) "Dollar roll transaction"...

Section 424.152. Transactions Authorized - Sec. 424.152. TRANSACTIONS AUTHORIZED. An insurer may engage in dollar...

Section 424.153. Period of Transaction - Sec. 424.153. PERIOD OF TRANSACTION. An insurer must enter into...

Section 424.154. Cash Requirements - Sec. 424.154. CASH REQUIREMENTS. With respect to cash received in...

Section 424.155. Collateral Requirements - Sec. 424.155. COLLATERAL REQUIREMENTS. (a) While a transaction under this...

Section 424.156. Percentage Limitations - Sec. 424.156. PERCENTAGE LIMITATIONS. (a) An insurer may not enter...

Section 424.157. Rules - Sec. 424.157. RULES. The commissioner may adopt reasonable rules and...

Subchapter E. Risk Control Transactions

Section 424.201. Definitions - Sec. 424.201. DEFINITIONS. In this subchapter: (1) "Acceptable collateral" means:...

Section 424.202. Risk Control Transactions Authorized - Sec. 424.202. RISK CONTROL TRANSACTIONS AUTHORIZED. (a) Except as provided...

Section 424.203. Notice of Intent to Engage in Risk Control Transactions Required - Sec. 424.203. NOTICE OF INTENT TO ENGAGE IN RISK CONTROL...

Section 424.204. Trading Requirements for Derivative Instruments - Sec. 424.204. TRADING REQUIREMENTS FOR DERIVATIVE INSTRUMENTS. Each derivative instrument...

Section 424.205. Derivative Use Plan - Sec. 424.205. DERIVATIVE USE PLAN. (a) Before an insurer enters...

Section 424.206. Internal Control Procedures - Sec. 424.206. INTERNAL CONTROL PROCEDURES. An insurer that enters into...

Section 424.207. Ability to Demonstrate Hedging Characteristics and Effectiveness - Sec. 424.207. ABILITY TO DEMONSTRATE HEDGING CHARACTERISTICS AND EFFECTIVENESS. An...

Section 424.208. Offsetting Transactions - Sec. 424.208. OFFSETTING TRANSACTIONS. (a) Subject to this section, an...

Section 424.209. Inclusion of Counterparty Exposure Amounts - Sec. 424.209. INCLUSION OF COUNTERPARTY EXPOSURE AMOUNTS. The insurer shall...

Section 424.210. Oversight by Commissioner - Sec. 424.210. OVERSIGHT BY COMMISSIONER. (a) Not later than the...

Section 424.211. Authority to Enter Into Hedging Transaction - Sec. 424.211. AUTHORITY TO ENTER INTO HEDGING TRANSACTION. After providing...

Section 424.212. Authority to Enter Into Income Generation Transaction - Sec. 424.212. AUTHORITY TO ENTER INTO INCOME GENERATION TRANSACTION. An...

Section 424.213. Limitation on Sale of Call Option on Assets - Sec. 424.213. LIMITATION ON SALE OF CALL OPTION ON ASSETS....

Section 424.214. Limitation on Sale of Put Option on Assets - Sec. 424.214. LIMITATION ON SALE OF PUT OPTION ON ASSETS....

Section 424.215. Limitation on Sale of Call Option on Derivative Instrument - Sec. 424.215. LIMITATION ON SALE OF CALL OPTION ON DERIVATIVE...

Section 424.216. Limitation on Sale of Cap or Floor - Sec. 424.216. LIMITATION ON SALE OF CAP OR FLOOR. If...

Section 424.217. Authority to Enter Replication Transaction - Sec. 424.217. AUTHORITY TO ENTER REPLICATION TRANSACTION. (a) An insurer...

Section 424.218. Rules - Sec. 424.218. RULES. The commissioner may adopt rules consistent with...

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Texas Statutes Subtitle B - Reserves and Investments Chapter 424 - Investments for Certain Insurers

Texas Statutes
Subtitle B - Reserves and Investments
Chapter 424 - Investments for Certain Insurers