Sec. 822.209. REINVESTMENT OF CAPITAL STOCK. An insurance company may, as circumstances require, exchange and reinvest its capital stock in like securities.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Structure Texas Statutes
Title 6 - Organization of Insurers and Related Entities
Subtitle B - Organization of Regulated Entities
Subchapter E. Capital, Surplus, and Guaranty Fund Requirements
Section 822.201. Applicability of Capital and Surplus Requirements
Section 822.202. Full Coverage Automobile Insurance; Determination of Amounts
Section 822.203. Capital Required Generally
Section 822.204. Form of Capital and Surplus
Section 822.205. Unencumbered Surplus or Guaranty Fund Requirements for Certain Insurance Companies
Section 822.206. Repurchase of Capital Stock by Tender Offer or Private Transaction
Section 822.207. Repurchase of Capital Stock on Open Market
Section 822.208. Application for Repurchase of Company's Shares Subject to Other Law
Section 822.209. Reinvestment of Capital Stock
Section 822.210. Commissioner May Require Larger Capital and Surplus Amounts
Section 822.211. Action of Commissioner When Capital or Surplus Requirements Not Satisfied