Sec. 823.259. EXEMPTION FROM CERTAIN LIMITATIONS; INVESTMENT AUTHORITY CUMULATIVE OF OTHER LAW. (a) An investment made under this subchapter is not subject to the restrictions and prohibitions relating to investments contained in this code other than those provided by Subchapter C.
(b) Investments authorized by this subchapter are in addition to other investments permitted under this code for a domestic insurer.
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
Chapter 823 - Insurance Holding Company Systems
Subchapter F. Insurer's Loans to or Investment in Affiliate
Section 823.252. General Authority Relating to Affiliates
Section 823.253. General Standard for Investment in Affiliate
Section 823.254. Standard for Investment in Affiliate by Insurer With Low Total Liabilities
Section 823.255. Agreement of Affiliate to Limit Certain Investments
Section 823.256. Commissioner's Approval of Investment
Section 823.257. Determination Required Before Investment
Section 823.258. Disposition of Investment in Subsidiary After Cessation of Control
Section 823.259. Exemption From Certain Limitations; Investment Authority Cumulative of Other Law