Sec. 427.051. LOAN OR ADVANCE PERMITTED. An insurer or health maintenance organization may obtain a loan or an advance, repayable with interest, of:
(1) cash;
(2) cash equivalents; or
(3) other assets that have a readily determinable value and are satisfactory to the commissioner.
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 427 - Subordinated Indebtedness
Subchapter B. Loan, Advance, and Other Indebtedness
Section 427.051. Loan or Advance Permitted
Section 427.052. Subordinated Liability Permitted
Section 427.053. Approval of Agreement Required
Section 427.055. Payment of Principal or Interest on Certain Liabilities