Sec. 425.008. AUTHORIZED INVESTMENTS FOR FOREIGN COMPANIES. A foreign company shall invest the company's assets in:
(1) securities or property of the same classes in which the law of this state permits a domestic insurance company to invest; or
(2) securities permitted by other law of this state and approved by the commissioner as being of substantially the same grade as securities or property in which a domestic insurance company is permitted to invest.
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 425 - Reserves and Investments for Life Insurance Companies and Related Entities
Subchapter A. General Provisions
Section 425.001. Securities in Amount of Reserves Required
Section 425.004. Records of Securities Deposited With Department; Report of Value
Section 425.005. Department Duties Regarding Deposited Securities; Insurance Company Access
Section 425.006. Additional Reserves Required: Substandard or Extra Hazardous Policies
Section 425.008. Authorized Investments for Foreign Companies