Sec. 425.216. AUTHORIZED INVESTMENTS FOR ALL FUNDS: POLICY LOANS. (a) Subject to Subsection (b), an insurer may loan any of the insurer's funds and accumulations and take as collateral an insurance policy issued by the insurer.
(b) A loan on a policy under this section may not exceed the reserve value of the policy.
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 D. Authorized Investments and Transactions for Other Life, Health, and Accident Insurers
Section 425.202. Applicability of Subchapter
Section 425.203. Limitation on Funds and Other Assets
Section 425.204. Approval of Investments and Loans Required
Section 425.205. Authorized Investments for All Funds: Government Bonds
Section 425.206. Authorized Investments for All Funds: Corporate Bonds, Notes, and Debentures
Section 425.2061. Authorized Investments for All Funds: Bond Exchange-Traded Funds
Section 425.207. Authorized Investments for All Funds: Shares of Savings and Loan Associations
Section 425.208. Authorized Investments for All Funds: Bank and Bank Holding Company Stocks
Section 425.209. Authorized Investments for All Funds: Debentures of Public Utility Corporations
Section 425.214. Authorized Investments for All Funds: Loans Secured by Real Property
Section 425.216. Authorized Investments for All Funds: Policy Loans
Section 425.217. Authorized Investments for All Funds: Loans Secured by Certain Securities
Section 425.218. Authorized Investments for All Funds: Securities Not Otherwise Specified
Section 425.225. Investment in Foreign Securities
Section 425.226. Investment in Stock Subject to Assessment Prohibited
Section 425.227. Certain Investment Powers Not a Restriction
Section 425.228. Investments of Ceding Insurer
Section 425.229. Authorized Investments: Real Estate for Insurer's Offices
Section 425.230. Authorized Investments: Oil, Gas, and Minerals
Section 425.231. Authorized Investments: Real Property Acquired Under Certain Circumstances
Section 425.232. Authorized Investments: Improved Income-Producing Real Property