Sec. 1161.101. DEFINITION. In this subchapter, "authorized life insurance company" means a stock or mutual legal reserve life insurance company that:
(1) is licensed by the Texas Department of Insurance to transact the business of life insurance in this state; and
(2) maintains the legal reserve required by the laws of this state.
Added by Acts 2011, 82nd Leg., R.S., Ch. 823 (H.B. 2759), Sec. 1.02, eff. January 1, 2014.
Structure Texas Statutes
Title 3 - Guardianship and Related Procedures
Subtitle E - Administration of Guardianship
Chapter 1161 - Investments and Loans of Estates of Wards
Subchapter C. Investments in Certain Insurance or Annuities
Section 1161.102. Authority to Invest in Certain Insurance or Annuities
Section 1161.103. Investment Requirements
Section 1161.104. Procedure for Investing in Insurance or Annuities
Section 1161.105. Continuation of Preexisting Policies or Annuities
Section 1161.106. Control and Ownership of Policies or Annuities