Sec. 425.153. AUTHORIZED INVESTMENTS: CERTAIN PREVIOUSLY AUTHORIZED INVESTMENTS. (a) An insurance company may continue to hold an investment held by the company on January 1, 1986, that does not conform to the requirements of the investments authorized by Sections 425.109-425.120, 425.151, and 425.152 if the investment was legally authorized at the time the investment was made or acquired or that the company was authorized to hold immediately before January 1, 1986.
(b) An investment described by Subsection (a) is considered an authorized investment of the insurance company. A company shall dispose of the investment at the investment's maturity date, if any, or within the time prescribed by the law under which the investment was acquired, if any.
(c) This section does not alter the legal or accounting status of an investment described by Subsection (a).
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
Section 425.102. Inapplicability of Certain Law
Section 425.103. Applicability of Subchapter
Section 425.105. Written Investment Plan
Section 425.106. Investment Records; Demonstration of Compliance
Section 425.108. Authorized Investments and Transactions in General
Section 425.109. Authorized Investments: Government Obligations
Section 425.110. Authorized Investments: Obligations of and Other Investments in Business Entities
Section 425.112. Authorized Investments: Policy Loans
Section 425.113. Authorized Investments: Deposits in Certain Financial Institutions
Section 425.114. Authorized Investments: Insurance Company Investment Pools
Section 425.115. Authorized Investments: Equity Interests
Section 425.116. Authorized Investments: Preferred Stock
Section 425.117. Authorized Investments: Collateral Loans
Section 425.118. Authorized Investments: Obligations Secured by Real Property Loans
Section 425.1185. Authorized Investments: Mezzanine Real Estate Loans
Section 425.119. Authorized Investments: Real Property
Section 425.120. Authorized Investments: Oil, Gas, and Minerals
Section 425.122. Authorized Investments: Premium Loans
Section 425.123. Authorized Investments: Money Market Funds
Section 425.124. Authorized Investments: Risk Control Transactions
Section 425.125. Risk Control Transactions: Definitions
Section 425.126. Risk Control Transactions: Derivative Use Plan
Section 425.127. Risk Control Transactions: Internal Control Procedures
Section 425.128. Risk Control Transactions: Oversight by Commissioner
Section 425.129. Risk Control Transactions: Limitations on Income Generation Transactions
Section 425.130. Risk Control Transactions: Limitations on Replication Transactions
Section 425.131. Risk Control Transactions: Trading Requirements
Section 425.132. Risk Control Transactions: Offsetting Transactions
Section 425.151. Authorized Investments: Foreign Countries and United States Territories
Section 425.153. Authorized Investments: Certain Previously Authorized Investments
Section 425.154. Applicability of Percentage Authorizations and Limitations
Section 425.155. Qualification of Investments
Section 425.156. Distributions, Reinsurance, and Merger
Section 425.157. Aggregate Diversification Requirements
Section 425.158. Waiver by Commissioner of Quantitative Limitations
Section 425.159. Accounting Provisions
Section 425.160. Investments of Ceding Insurers
Section 425.161. Acting as Real Estate Broker or Salesperson Prohibited