Sec. 424.107. AUTHORIZED INVESTMENTS FOR AUTHORIZED INVESTMENT POOL; LIMITATION. (a) An authorized investment pool may contain only investments that a participating insurer is authorized to acquire by provisions of this code other than this subchapter.
(b) The insurer's total of proportionate ownership interests in a single authorized investment held by an authorized investment pool and the insurer's direct investments in that authorized investment may not exceed the limit prescribed by the applicable authorizing provision.
(c) In addition to the limitation described by Subsection (b), an insurer is subject to the limitations described by Section 424.108.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.
Structure Texas Statutes
Title 4 - Regulation of Solvency
Subtitle B - Reserves and Investments
Chapter 424 - Investments for Certain Insurers
Subchapter C. Investment Pools
Section 424.102. Authority to Invest in Pool
Section 424.103. Investment Pool Requirements and Qualifications
Section 424.104. Authorized Investments for Short-Term Investment Pool
Section 424.105. Short-Term Investment Pool: Certain Short-Term Obligations
Section 424.107. Authorized Investments for Authorized Investment Pool; Limitation
Section 424.108. General Insurer Investment Limitations
Section 424.109. Designation of Pool Manager; Qualifications
Section 424.110. Pool Manager to Maintain Assets; Custody Agreement
Section 424.111. Pooling Agreement Provisions
Section 424.112. Withdrawals and Distributions
Section 424.113. Investment Pool Records
Section 424.114. Inspection of Records
Section 424.115. Reports of Transactions Between Pool and Participant