Sec. 1102.005. RULES. The commissioner may adopt reasonable rules to accomplish the purposes of this chapter, including rules requiring:
(1) appropriate reserves for insurance policies subject to this chapter; or
(2) prudent investment of premiums collected from insurance policies subject to this chapter regardless of any other provision of this code related to the investment of money by an insurance company.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.
Structure Texas Statutes
Title 7 - Life Insurance and Annuities
Subtitle A - Life Insurance in General
Chapter 1102 - Payment of Insurance Benefits in Currency
Section 1102.002. Benefits Payable in Currency
Section 1102.003. Statement Regarding Value of Foreign Currency
Section 1102.004. Previously Approved Insurance Policy Form Payable in Foreign Currency