Texas Statutes
Title 4 - Regulation of Solvency
Subtitle B - Reserves and Investments

Section 423.105. Mandatory Deposit of Securities; Commissioner Control - Sec. 423.105. MANDATORY DEPOSIT OF SECURITIES; COMMISSIONER CONTROL. (a) An...

Section 423.106. Required Evidence for Securities - Sec. 423.106. REQUIRED EVIDENCE FOR SECURITIES. (a) An insurer that...

Section 423.107. Assets Deposited With Clearing Corporation - Sec. 423.107. ASSETS DEPOSITED WITH CLEARING CORPORATION. A domestic insurer...

Section 423.108. Limitation on Assets Deposited With Clearing Corporation - Sec. 423.108. LIMITATION ON ASSETS DEPOSITED WITH CLEARING CORPORATION. The...

Chapter 424 - Investments for Certain Insurers

Subchapter A. General Provisions

Section 424.001. Definitions - Sec. 424.001. DEFINITIONS. In this chapter: (1) "Insurer" means any...

Section 424.002. Inapplicability of Certain Law - Sec. 424.002. INAPPLICABILITY OF CERTAIN LAW. The definition of "state"...

Subchapter B. Investment of Funds in Excess

Section 424.051. General Investment Authority Specified by Law - Sec. 424.051. GENERAL INVESTMENT AUTHORITY SPECIFIED BY LAW. An insurer...

Section 424.052. Additional General Investment Authority - Sec. 424.052. ADDITIONAL GENERAL INVESTMENT AUTHORITY. An insurer may make...

Section 424.053. Limitation as to Single Issuer or Borrower - Sec. 424.053. LIMITATION AS TO SINGLE ISSUER OR BORROWER. (a)...

Section 424.054. Applicability of Percentage Authorizations and Limitations - Sec. 424.054. APPLICABILITY OF PERCENTAGE AUTHORIZATIONS AND LIMITATIONS. (a) The...

Section 424.055. Waiver by Commissioner of Quantitative Limitations - Sec. 424.055. WAIVER BY COMMISSIONER OF QUANTITATIVE LIMITATIONS. (a) Notwithstanding...

Section 424.056. Written Investment Plan - Sec. 424.056. WRITTEN INVESTMENT PLAN. (a) Each insurer's board of...

Section 424.057. Investment Records - Sec. 424.057. INVESTMENT RECORDS. An insurer shall maintain investment records...

Section 424.058. Authorized Investments: Form of Minimum Capital and Surplus - Sec. 424.058. AUTHORIZED INVESTMENTS: FORM OF MINIMUM CAPITAL AND SURPLUS....

Section 424.059. Authorized Investments: Government Obligations - Sec. 424.059. AUTHORIZED INVESTMENTS: GOVERNMENT OBLIGATIONS. An insurer may invest...

Section 424.060. Authorized Investments: Stock of National or State Bank - Sec. 424.060. AUTHORIZED INVESTMENTS: STOCK OF NATIONAL OR STATE BANK....

Section 424.061. Authorized Investments: Deposits in Certain Financial Institutions - Sec. 424.061. AUTHORIZED INVESTMENTS: DEPOSITS IN CERTAIN FINANCIAL INSTITUTIONS. (a)...

Section 424.062. Authorized Investments: Certain Obligations of Partnership or Corporation - Sec. 424.062. AUTHORIZED INVESTMENTS: CERTAIN OBLIGATIONS OF PARTNERSHIP OR CORPORATION....

Section 424.064. Authorized Investments: Real Property - Sec. 424.064. AUTHORIZED INVESTMENTS: REAL PROPERTY. (a) Subject to this...

Section 424.065. Acting as Real Estate Broker or Salesperson Prohibited - Sec. 424.065. ACTING AS REAL ESTATE BROKER OR SALESPERSON PROHIBITED....

Section 424.066. Authorized Investments: Obligations Secured by Real Property Loans - Sec. 424.066. AUTHORIZED INVESTMENTS: OBLIGATIONS SECURED BY REAL PROPERTY LOANS....

Section 424.067. Authorized Investments: Transportation Equipment - Sec. 424.067. AUTHORIZED INVESTMENTS: TRANSPORTATION EQUIPMENT. An insurer may invest...

Section 424.068. Authorized Investments: Investment in Foreign Jurisdiction - Sec. 424.068. AUTHORIZED INVESTMENTS: INVESTMENT IN FOREIGN JURISDICTION. (a) In...

Section 424.069. Authorized Investments: Certain Loans - Sec. 424.069. AUTHORIZED INVESTMENTS: CERTAIN LOANS. An insurer may invest...

Section 424.070. Authorized Investments: Obligations of Local Governmental Entities - Sec. 424.070. AUTHORIZED INVESTMENTS: OBLIGATIONS OF LOCAL GOVERNMENTAL ENTITIES. (a)...

Section 424.071. Authorized Investments: the University of Texas - Sec. 424.071. AUTHORIZED INVESTMENTS: THE UNIVERSITY OF TEXAS. An insurer...

Section 424.072. Authorized Investments: Bonds Issued, Assumed, or Guaranteed in International Market - Sec. 424.072. AUTHORIZED INVESTMENTS: BONDS ISSUED, ASSUMED, OR GUARANTEED IN...

Section 424.073. Authorized Investments: Insurer Engaged in Business in Foreign Country - Sec. 424.073. AUTHORIZED INVESTMENTS: INSURER ENGAGED IN BUSINESS IN FOREIGN...

Section 424.074. Other Specifically Authorized Investments - Sec. 424.074. OTHER SPECIFICALLY AUTHORIZED INVESTMENTS. An insurer may invest...

Subchapter C. Investment Pools

Section 424.101. Definitions - Sec. 424.101. DEFINITIONS. In this subchapter: (1) "Business entity" means...

Section 424.102. Authority to Invest in Pool - Sec. 424.102. AUTHORITY TO INVEST IN POOL. An insurer may...

Section 424.103. Investment Pool Requirements and Qualifications - Sec. 424.103. INVESTMENT POOL REQUIREMENTS AND QUALIFICATIONS. (a) An investment...

Section 424.104. Authorized Investments for Short-Term Investment Pool - Sec. 424.104. AUTHORIZED INVESTMENTS FOR SHORT-TERM INVESTMENT POOL. A short-term...

Section 424.105. Short-Term Investment Pool: Certain Short-Term Obligations - Sec. 424.105. SHORT-TERM INVESTMENT POOL: CERTAIN SHORT-TERM OBLIGATIONS. (a) Obligations...

Section 424.107. Authorized Investments for Authorized Investment Pool; Limitation - Sec. 424.107. AUTHORIZED INVESTMENTS FOR AUTHORIZED INVESTMENT POOL; LIMITATION. (a)...

Section 424.108. General Insurer Investment Limitations - Sec. 424.108. GENERAL INSURER INVESTMENT LIMITATIONS. An insurer may not...

Section 424.109. Designation of Pool Manager; Qualifications - Sec. 424.109. DESIGNATION OF POOL MANAGER; QUALIFICATIONS. (a) The pooling...

Section 424.110. Pool Manager to Maintain Assets; Custody Agreement - Sec. 424.110. POOL MANAGER TO MAINTAIN ASSETS; CUSTODY AGREEMENT. (a)...

Section 424.111. Pooling Agreement Provisions - Sec. 424.111. POOLING AGREEMENT PROVISIONS. The pooling agreement for an...

Section 424.112. Withdrawals and Distributions - Sec. 424.112. WITHDRAWALS AND DISTRIBUTIONS. (a) A pool participant must...

Section 424.113. Investment Pool Records - Sec. 424.113. INVESTMENT POOL RECORDS. The pool manager shall compile...

Section 424.114. Inspection of Records - Sec. 424.114. INSPECTION OF RECORDS. The pool manager shall make...

Section 424.115. Reports of Transactions Between Pool and Participant - Sec. 424.115. REPORTS OF TRANSACTIONS BETWEEN POOL AND PARTICIPANT. (a)...

Subchapter D. Dollar Roll, Repurchase, Reverse Repurchase,

Section 424.151. Definitions - Sec. 424.151. DEFINITIONS. In this subchapter: (1) "Dollar roll transaction"...

Section 424.152. Transactions Authorized - Sec. 424.152. TRANSACTIONS AUTHORIZED. An insurer may engage in dollar...

Section 424.153. Period of Transaction - Sec. 424.153. PERIOD OF TRANSACTION. An insurer must enter into...

Section 424.154. Cash Requirements - Sec. 424.154. CASH REQUIREMENTS. With respect to cash received in...

Section 424.155. Collateral Requirements - Sec. 424.155. COLLATERAL REQUIREMENTS. (a) While a transaction under this...

Section 424.156. Percentage Limitations - Sec. 424.156. PERCENTAGE LIMITATIONS. (a) An insurer may not enter...

Section 424.157. Rules - Sec. 424.157. RULES. The commissioner may adopt reasonable rules and...

Subchapter E. Risk Control Transactions

Section 424.201. Definitions - Sec. 424.201. DEFINITIONS. In this subchapter: (1) "Acceptable collateral" means:...

Section 424.202. Risk Control Transactions Authorized - Sec. 424.202. RISK CONTROL TRANSACTIONS AUTHORIZED. (a) Except as provided...

Section 424.203. Notice of Intent to Engage in Risk Control Transactions Required - Sec. 424.203. NOTICE OF INTENT TO ENGAGE IN RISK CONTROL...

Section 424.204. Trading Requirements for Derivative Instruments - Sec. 424.204. TRADING REQUIREMENTS FOR DERIVATIVE INSTRUMENTS. Each derivative instrument...

Section 424.205. Derivative Use Plan - Sec. 424.205. DERIVATIVE USE PLAN. (a) Before an insurer enters...

Section 424.206. Internal Control Procedures - Sec. 424.206. INTERNAL CONTROL PROCEDURES. An insurer that enters into...

Section 424.207. Ability to Demonstrate Hedging Characteristics and Effectiveness - Sec. 424.207. ABILITY TO DEMONSTRATE HEDGING CHARACTERISTICS AND EFFECTIVENESS. An...

Section 424.208. Offsetting Transactions - Sec. 424.208. OFFSETTING TRANSACTIONS. (a) Subject to this section, an...

Section 424.209. Inclusion of Counterparty Exposure Amounts - Sec. 424.209. INCLUSION OF COUNTERPARTY EXPOSURE AMOUNTS. The insurer shall...

Section 424.210. Oversight by Commissioner - Sec. 424.210. OVERSIGHT BY COMMISSIONER. (a) Not later than the...

Section 424.211. Authority to Enter Into Hedging Transaction - Sec. 424.211. AUTHORITY TO ENTER INTO HEDGING TRANSACTION. After providing...

Section 424.212. Authority to Enter Into Income Generation Transaction - Sec. 424.212. AUTHORITY TO ENTER INTO INCOME GENERATION TRANSACTION. An...

Section 424.213. Limitation on Sale of Call Option on Assets - Sec. 424.213. LIMITATION ON SALE OF CALL OPTION ON ASSETS....

Section 424.214. Limitation on Sale of Put Option on Assets - Sec. 424.214. LIMITATION ON SALE OF PUT OPTION ON ASSETS....

Section 424.215. Limitation on Sale of Call Option on Derivative Instrument - Sec. 424.215. LIMITATION ON SALE OF CALL OPTION ON DERIVATIVE...

Section 424.216. Limitation on Sale of Cap or Floor - Sec. 424.216. LIMITATION ON SALE OF CAP OR FLOOR. If...

Section 424.217. Authority to Enter Replication Transaction - Sec. 424.217. AUTHORITY TO ENTER REPLICATION TRANSACTION. (a) An insurer...

Section 424.218. Rules - Sec. 424.218. RULES. The commissioner may adopt rules consistent with...

Chapter 425 - Reserves and Investments for Life Insurance Companies and Related Entities

Subchapter A. General Provisions

Section 425.001. Securities in Amount of Reserves Required - Sec. 425.001. SECURITIES IN AMOUNT OF RESERVES REQUIRED. The commissioner,...

Section 425.002. Certain Insurers: Deposit of Securities, Money, or Property in Amount of Legal Reserves - Sec. 425.002. CERTAIN INSURERS: DEPOSIT OF SECURITIES, MONEY, OR PROPERTY...

Section 425.003. Certain Insurers: Required Deposits of Securities; Additional Deposits and Withdrawals - Sec. 425.003. CERTAIN INSURERS: REQUIRED DEPOSITS OF SECURITIES; ADDITIONAL DEPOSITS...

Section 425.004. Records of Securities Deposited With Department; Report of Value - Sec. 425.004. RECORDS OF SECURITIES DEPOSITED WITH DEPARTMENT; REPORT OF...

Section 425.005. Department Duties Regarding Deposited Securities; Insurance Company Access - Sec. 425.005. DEPARTMENT DUTIES REGARDING DEPOSITED SECURITIES; INSURANCE COMPANY ACCESS....

Section 425.006. Additional Reserves Required: Substandard or Extra Hazardous Policies - Sec. 425.006. ADDITIONAL RESERVES REQUIRED: SUBSTANDARD OR EXTRA HAZARDOUS POLICIES....

Section 425.007. Subscription to or Underwriting Purchase or Sale of Securities or Property Prohibited; Control of Disposition of Property - Sec. 425.007. SUBSCRIPTION TO OR UNDERWRITING PURCHASE OR SALE OF...

Section 425.008. Authorized Investments for Foreign Companies - Sec. 425.008. AUTHORIZED INVESTMENTS FOR FOREIGN COMPANIES. A foreign company...

Section 425.009. Student Loans - Sec. 425.009. STUDENT LOANS. A foreign or domestic life insurance...

Subchapter B. Standard Valuation Law

Section 425.051. Short Title - Sec. 425.051. SHORT TITLE. This subchapter may be cited as...

Section 425.052. Definitions - Sec. 425.052. DEFINITIONS. (a) In this subchapter: (1) "Accident and...

Section 425.053. Annual Valuation of Reserves for Policies and Contracts Issued Before Operative Date of Valuation Manual - Sec. 425.053. ANNUAL VALUATION OF RESERVES FOR POLICIES AND CONTRACTS...

Section 425.0535. Annual Valuation of Reserves for Policies and Contracts Issued on or After Operative Date of Valuation Manual - Sec. 425.0535. ANNUAL VALUATION OF RESERVES FOR POLICIES AND CONTRACTS...

Section 425.054. Actuarial Opinion of Reserves Issued Before Operative Date of Valuation Manual - Sec. 425.054. ACTUARIAL OPINION OF RESERVES ISSUED BEFORE OPERATIVE DATE...

Section 425.0545. Actuarial Opinion of Reserves After Operative Date of Valuation Manual - Sec. 425.0545. ACTUARIAL OPINION OF RESERVES AFTER OPERATIVE DATE OF...

Section 425.055. Supporting Memorandum for Actuarial Opinion - Sec. 425.055. SUPPORTING MEMORANDUM FOR ACTUARIAL OPINION. (a) A memorandum...

Section 425.056. Limitation on Liability for Actuarial Opinion - Sec. 425.056. LIMITATION ON LIABILITY FOR ACTUARIAL OPINION. (a) Except...

Section 425.057. Disciplinary Action: Company or Person Certifying Opinion - Sec. 425.057. DISCIPLINARY ACTION: COMPANY OR PERSON CERTIFYING OPINION. A...

Section 425.058. Computation of Minimum Standard: General Rule - Sec. 425.058. COMPUTATION OF MINIMUM STANDARD: GENERAL RULE. (a) Except...

Section 425.059. Computation of Minimum Standard for Certain Annuities and Pure Endowment Contracts - Sec. 425.059. COMPUTATION OF MINIMUM STANDARD FOR CERTAIN ANNUITIES AND...

Section 425.060. Applicability of Calendar Year Statutory Valuation Interest Rates - Sec. 425.060. APPLICABILITY OF CALENDAR YEAR STATUTORY VALUATION INTEREST RATES....

Section 425.061. Computation of Calendar Year Statutory Valuation Interest Rate: General Rule - Sec. 425.061. COMPUTATION OF CALENDAR YEAR STATUTORY VALUATION INTEREST RATE:...

Section 425.062. Weighting Factors - Sec. 425.062. WEIGHTING FACTORS. (a) This section prescribes the weighting...

Section 425.063. Reference Interest Rate - Sec. 425.063. REFERENCE INTEREST RATE. (a) In this section, "Moody's...

Section 425.064. Commissioners Reserve Valuation Method for Life Insurance and Endowment Benefits - Sec. 425.064. COMMISSIONERS RESERVE VALUATION METHOD FOR LIFE INSURANCE AND...

Section 425.065. Commissioners Annuity Reserve Valuation Method for Annuity and Pure Endowment Benefits - Sec. 425.065. COMMISSIONERS ANNUITY RESERVE VALUATION METHOD FOR ANNUITY AND...

Section 425.066. Minimum Aggregate Reserves - Sec. 425.066. MINIMUM AGGREGATE RESERVES. (a) An insurance company's aggregate...

Section 425.067. Optional Reserve Computations - Sec. 425.067. OPTIONAL RESERVE COMPUTATIONS. (a) Reserves for a policy...

Section 425.068. Reserve Computation: Gross Premium Charged Less Than Valuation Net Premium - Sec. 425.068. RESERVE COMPUTATION: GROSS PREMIUM CHARGED LESS THAN VALUATION...

Section 425.069. Reserve Computation: Indeterminate Premium Plans and Certain Other Plans - Sec. 425.069. RESERVE COMPUTATION: INDETERMINATE PREMIUM PLANS AND CERTAIN OTHER...

Section 425.070. Computation of Reserve for Certain Policies by Calendar Year of Issue - Sec. 425.070. COMPUTATION OF RESERVE FOR CERTAIN POLICIES BY CALENDAR...

Section 425.071. Lapse Rates in Minimum Standard of Valuation - Sec. 425.071. LAPSE RATES IN MINIMUM STANDARD OF VALUATION. (a)...

Section 425.072. Minimum Standard for Accident and Health Insurance Contracts - Sec. 425.072. MINIMUM STANDARD FOR ACCIDENT AND HEALTH INSURANCE CONTRACTS....

Section 425.073. Valuation Manual for Policies Issued on or After the Operative Date of the Valuation Manual - Sec. 425.073. VALUATION MANUAL FOR POLICIES ISSUED ON OR AFTER...

Section 425.074. Requirements of a Principle-Based Valuation - Sec. 425.074. REQUIREMENTS OF A PRINCIPLE-BASED VALUATION. (a) A company...

Section 425.075. Experience Reporting for Policies in Force on or After Operative Date of Valuation Manual - Sec. 425.075. EXPERIENCE REPORTING FOR POLICIES IN FORCE ON OR...

Section 425.076. Confidentiality - Sec. 425.076. CONFIDENTIALITY. (a) In this section, "confidential information" means:...

Section 425.077. Single State Exemption - Sec. 425.077. SINGLE STATE EXEMPTION. The commissioner may exempt specific...

Subchapter C. Authorized Investments and Transactions for Capital Stock Life, Health, and Accident Insurers

Section 425.101. Definitions - Sec. 425.101. DEFINITIONS. In this subchapter: (1) "Assets" means the...

Section 425.102. Inapplicability of Certain Law - Sec. 425.102. INAPPLICABILITY OF CERTAIN LAW. The definition of "state"...

Section 425.103. Applicability of Subchapter - Sec. 425.103. APPLICABILITY OF SUBCHAPTER. (a) This subchapter and rules...

Section 425.104. Purpose - Sec. 425.104. PURPOSE. The purpose of this subchapter is to...

Section 425.105. Written Investment Plan - Sec. 425.105. WRITTEN INVESTMENT PLAN. (a) Each insurance company's board...

Section 425.106. Investment Records; Demonstration of Compliance - Sec. 425.106. INVESTMENT RECORDS; DEMONSTRATION OF COMPLIANCE. An insurance company...

Section 425.108. Authorized Investments and Transactions in General - Sec. 425.108. AUTHORIZED INVESTMENTS AND TRANSACTIONS IN GENERAL. (a) Subject...

Section 425.109. Authorized Investments: Government Obligations - Sec. 425.109. AUTHORIZED INVESTMENTS: GOVERNMENT OBLIGATIONS. (a) An insurance company...

Section 425.110. Authorized Investments: Obligations of and Other Investments in Business Entities - Sec. 425.110. AUTHORIZED INVESTMENTS: OBLIGATIONS OF AND OTHER INVESTMENTS IN...

Section 425.111. Authorized Investments: Bonds Issued, Assumed, or Guaranteed in International Market - Sec. 425.111. AUTHORIZED INVESTMENTS: BONDS ISSUED, ASSUMED, OR GUARANTEED IN...

Section 425.112. Authorized Investments: Policy Loans - Sec. 425.112. AUTHORIZED INVESTMENTS: POLICY LOANS. An insurance company may...

Section 425.113. Authorized Investments: Deposits in Certain Financial Institutions - Sec. 425.113. AUTHORIZED INVESTMENTS: DEPOSITS IN CERTAIN FINANCIAL INSTITUTIONS. (a)...

Section 425.114. Authorized Investments: Insurance Company Investment Pools - Sec. 425.114. AUTHORIZED INVESTMENTS: INSURANCE COMPANY INVESTMENT POOLS. (a) In...

Section 425.115. Authorized Investments: Equity Interests - Sec. 425.115. AUTHORIZED INVESTMENTS: EQUITY INTERESTS. (a) In this section,...

Section 425.116. Authorized Investments: Preferred Stock - Sec. 425.116. AUTHORIZED INVESTMENTS: PREFERRED STOCK. (a) Subject to this...

Section 425.117. Authorized Investments: Collateral Loans - Sec. 425.117. AUTHORIZED INVESTMENTS: COLLATERAL LOANS. (a) Subject to this...

Section 425.118. Authorized Investments: Obligations Secured by Real Property Loans - Sec. 425.118. AUTHORIZED INVESTMENTS: OBLIGATIONS SECURED BY REAL PROPERTY LOANS....

Section 425.1185. Authorized Investments: Mezzanine Real Estate Loans - Sec. 425.1185. AUTHORIZED INVESTMENTS: MEZZANINE REAL ESTATE LOANS. (a) In...

Section 425.119. Authorized Investments: Real Property - Sec. 425.119. AUTHORIZED INVESTMENTS: REAL PROPERTY. (a) Subject to this...

Section 425.120. Authorized Investments: Oil, Gas, and Minerals - Sec. 425.120. AUTHORIZED INVESTMENTS: OIL, GAS, AND MINERALS. (a) In...

Section 425.121. Authorized Investments: Securities Lending, Repurchase, Reverse Repurchase, and Dollar Roll Transactions - Sec. 425.121. AUTHORIZED INVESTMENTS: SECURITIES LENDING, REPURCHASE, REVERSE REPURCHASE, AND...

Section 425.122. Authorized Investments: Premium Loans - Sec. 425.122. AUTHORIZED INVESTMENTS: PREMIUM LOANS. (a) Subject to Subsection...

Section 425.123. Authorized Investments: Money Market Funds - Sec. 425.123. AUTHORIZED INVESTMENTS: MONEY MARKET FUNDS. (a) An insurance...

Section 425.124. Authorized Investments: Risk Control Transactions - Sec. 425.124. AUTHORIZED INVESTMENTS: RISK CONTROL TRANSACTIONS. Subject to Sections...

Section 425.125. Risk Control Transactions: Definitions - Sec. 425.125. RISK CONTROL TRANSACTIONS: DEFINITIONS. In Sections 425.124-425.132: (1)...

Section 425.126. Risk Control Transactions: Derivative Use Plan - Sec. 425.126. RISK CONTROL TRANSACTIONS: DERIVATIVE USE PLAN. (a) Before...

Section 425.127. Risk Control Transactions: Internal Control Procedures - Sec. 425.127. RISK CONTROL TRANSACTIONS: INTERNAL CONTROL PROCEDURES. An insurance...

Section 425.128. Risk Control Transactions: Oversight by Commissioner - Sec. 425.128. RISK CONTROL TRANSACTIONS: OVERSIGHT BY COMMISSIONER. (a) An...

Section 425.129. Risk Control Transactions: Limitations on Income Generation Transactions - Sec. 425.129. RISK CONTROL TRANSACTIONS: LIMITATIONS ON INCOME GENERATION TRANSACTIONS....

Section 425.130. Risk Control Transactions: Limitations on Replication Transactions - Sec. 425.130. RISK CONTROL TRANSACTIONS: LIMITATIONS ON REPLICATION TRANSACTIONS. (a)...

Section 425.131. Risk Control Transactions: Trading Requirements - Sec. 425.131. RISK CONTROL TRANSACTIONS: TRADING REQUIREMENTS. For purposes of...

Section 425.132. Risk Control Transactions: Offsetting Transactions - Sec. 425.132. RISK CONTROL TRANSACTIONS: OFFSETTING TRANSACTIONS. (a) Subject to...

Section 425.151. Authorized Investments: Foreign Countries and United States Territories - Sec. 425.151. AUTHORIZED INVESTMENTS: FOREIGN COUNTRIES AND UNITED STATES TERRITORIES....

Section 425.152. Authorized Investments: Investments Not Otherwise Specified or Prohibited; Investments Authorized by Other Law - Sec. 425.152. AUTHORIZED INVESTMENTS: INVESTMENTS NOT OTHERWISE SPECIFIED OR PROHIBITED;...

Section 425.153. Authorized Investments: Certain Previously Authorized Investments - Sec. 425.153. AUTHORIZED INVESTMENTS: CERTAIN PREVIOUSLY AUTHORIZED INVESTMENTS. (a) An...

Section 425.154. Applicability of Percentage Authorizations and Limitations - Sec. 425.154. APPLICABILITY OF PERCENTAGE AUTHORIZATIONS AND LIMITATIONS. The percentage...

Section 425.155. Qualification of Investments - Sec. 425.155. QUALIFICATION OF INVESTMENTS. (a) The qualification or disqualification...

Section 425.156. Distributions, Reinsurance, and Merger - Sec. 425.156. DISTRIBUTIONS, REINSURANCE, AND MERGER. (a) This subchapter does...

Section 425.157. Aggregate Diversification Requirements - Sec. 425.157. AGGREGATE DIVERSIFICATION REQUIREMENTS. (a) This section takes precedence...

Section 425.158. Waiver by Commissioner of Quantitative Limitations - Sec. 425.158. WAIVER BY COMMISSIONER OF QUANTITATIVE LIMITATIONS. (a) The...

Section 425.159. Accounting Provisions - Sec. 425.159. ACCOUNTING PROVISIONS. (a) Each insurance company shall maintain...

Section 425.160. Investments of Ceding Insurers - Sec. 425.160. INVESTMENTS OF CEDING INSURERS. (a) Subject to this...

Section 425.161. Acting as Real Estate Broker or Salesperson Prohibited - Sec. 425.161. ACTING AS REAL ESTATE BROKER OR SALESPERSON PROHIBITED....

Section 425.162. Rules - Sec. 425.162. RULES. The commissioner may adopt rules, minimum standards,...

Subchapter D. Authorized Investments and Transactions for Other Life, Health, and Accident Insurers

Section 425.201. Definition - Sec. 425.201. DEFINITION. In this subchapter, "contingency funds" means an...

Section 425.202. Applicability of Subchapter - Sec. 425.202. APPLICABILITY OF SUBCHAPTER. This subchapter applies only to...

Section 425.203. Limitation on Funds and Other Assets - Sec. 425.203. LIMITATION ON FUNDS AND OTHER ASSETS. (a) An...

Section 425.204. Approval of Investments and Loans Required - Sec. 425.204. APPROVAL OF INVESTMENTS AND LOANS REQUIRED. (a) An...

Section 425.205. Authorized Investments for All Funds: Government Bonds - Sec. 425.205. AUTHORIZED INVESTMENTS FOR ALL FUNDS: GOVERNMENT BONDS. (a)...

Section 425.206. Authorized Investments for All Funds: Corporate Bonds, Notes, and Debentures - Sec. 425.206. AUTHORIZED INVESTMENTS FOR ALL FUNDS: CORPORATE BONDS, NOTES,...

Section 425.2061. Authorized Investments for All Funds: Bond Exchange-Traded Funds - Sec. 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 - Sec. 425.207. AUTHORIZED INVESTMENTS FOR ALL FUNDS: SHARES OF SAVINGS...

Section 425.208. Authorized Investments for All Funds: Bank and Bank Holding Company Stocks - Sec. 425.208. AUTHORIZED INVESTMENTS FOR ALL FUNDS: BANK AND BANK...

Section 425.209. Authorized Investments for All Funds: Debentures of Public Utility Corporations - Sec. 425.209. AUTHORIZED INVESTMENTS FOR ALL FUNDS: DEBENTURES OF PUBLIC...

Section 425.210. Authorized Investments for All Funds: Preferred Stock of Public Utility Corporations - Sec. 425.210. AUTHORIZED INVESTMENTS FOR ALL FUNDS: PREFERRED STOCK OF...

Section 425.211. Authorized Investments for All Funds: Bonds Issued, Assumed, or Guaranteed in International Market - Sec. 425.211. AUTHORIZED INVESTMENTS FOR ALL FUNDS: BONDS ISSUED, ASSUMED,...

Section 425.212. Authorized Investments for All Funds: Securities or Investments Authorized or Described by Specific Statutory Provision - Sec. 425.212. AUTHORIZED INVESTMENTS FOR ALL FUNDS: SECURITIES OR INVESTMENTS...

Section 425.213. Authorized Investments for All Funds: Other Securities Specifically Authorized by Law - Sec. 425.213. AUTHORIZED INVESTMENTS FOR ALL FUNDS: OTHER SECURITIES SPECIFICALLY...

Section 425.214. Authorized Investments for All Funds: Loans Secured by Real Property - Sec. 425.214. AUTHORIZED INVESTMENTS FOR ALL FUNDS: LOANS SECURED BY...

Section 425.215. Authorized Investments for All Funds: Loans Secured by Certain Collateral Secured by Real Property - Sec. 425.215. AUTHORIZED INVESTMENTS FOR ALL FUNDS: LOANS SECURED BY...

Section 425.216. Authorized Investments for All Funds: Policy Loans - Sec. 425.216. AUTHORIZED INVESTMENTS FOR ALL FUNDS: POLICY LOANS. (a)...

Section 425.217. Authorized Investments for All Funds: Loans Secured by Certain Securities - Sec. 425.217. AUTHORIZED INVESTMENTS FOR ALL FUNDS: LOANS SECURED BY...

Section 425.218. Authorized Investments for All Funds: Securities Not Otherwise Specified - Sec. 425.218. AUTHORIZED INVESTMENTS FOR ALL FUNDS: SECURITIES NOT OTHERWISE...

Section 425.219. Authorized Investments for Policy Reserves and Surplus: Bonds of Certain Water Control and Improvement Districts - Sec. 425.219. AUTHORIZED INVESTMENTS FOR POLICY RESERVES AND SURPLUS: BONDS...

Section 425.220. Authorized Investments for Capital, Surplus, and Contingency Funds: Capital Stock, Bonds, and Other Corporate Obligations - Sec. 425.220. AUTHORIZED INVESTMENTS FOR CAPITAL, SURPLUS, AND CONTINGENCY FUNDS:...

Section 425.221. Authorized Investments for Capital, Surplus, and Contingency Funds: Bonds or Notes of Educational or Religious Corporations - Sec. 425.221. AUTHORIZED INVESTMENTS FOR CAPITAL, SURPLUS, AND CONTINGENCY FUNDS:...

Section 425.222. Authorized Investments for Capital, Surplus, and Contingency Funds: Life Income Interests in Qualified Trusts - Sec. 425.222. AUTHORIZED INVESTMENTS FOR CAPITAL, SURPLUS, AND CONTINGENCY FUNDS:...

Section 425.223. Authorized Investments for Capital, Surplus, and Contingency Funds: Capital Stock of Reinsurer - Sec. 425.223. AUTHORIZED INVESTMENTS FOR CAPITAL, SURPLUS, AND CONTINGENCY FUNDS:...

Section 425.224. Authorized Investments for Capital, Surplus, and Contingency Funds: Loans Secured by Corporate Stock - Sec. 425.224. AUTHORIZED INVESTMENTS FOR CAPITAL, SURPLUS, AND CONTINGENCY FUNDS:...

Section 425.225. Investment in Foreign Securities - Sec. 425.225. INVESTMENT IN FOREIGN SECURITIES. (a) An insurer authorized...

Section 425.226. Investment in Stock Subject to Assessment Prohibited - Sec. 425.226. INVESTMENT IN STOCK SUBJECT TO ASSESSMENT PROHIBITED. An...

Section 425.227. Certain Investment Powers Not a Restriction - Sec. 425.227. CERTAIN INVESTMENT POWERS NOT A RESTRICTION. The investment...

Section 425.228. Investments of Ceding Insurer - Sec. 425.228. INVESTMENTS OF CEDING INSURER. (a) Subject to this...

Section 425.229. Authorized Investments: Real Estate for Insurer's Offices - Sec. 425.229. AUTHORIZED INVESTMENTS: REAL ESTATE FOR INSURER'S OFFICES. (a)...

Section 425.230. Authorized Investments: Oil, Gas, and Minerals - Sec. 425.230. AUTHORIZED INVESTMENTS: OIL, GAS, AND MINERALS. (a) In...

Section 425.231. Authorized Investments: Real Property Acquired Under Certain Circumstances - Sec. 425.231. AUTHORIZED INVESTMENTS: REAL PROPERTY ACQUIRED UNDER CERTAIN CIRCUMSTANCES....

Section 425.232. Authorized Investments: Improved Income-Producing Real Property - Sec. 425.232. AUTHORIZED INVESTMENTS: IMPROVED INCOME-PRODUCING REAL PROPERTY. (a) In...

Chapter 426 - Reserves for Workers' Compensation Insurance Companies

Section 426.001. Reserves Required - Sec. 426.001. RESERVES REQUIRED. A workers' compensation insurance company engaged...

Section 426.002. Computation of Reserves - Sec. 426.002. COMPUTATION OF RESERVES. Reserves required by Section 426.001...

Section 426.003. Maintenance of Reserves; Notice of Noncompliance - Sec. 426.003. MAINTENANCE OF RESERVES; NOTICE OF NONCOMPLIANCE. (a) If...

Chapter 427 - Subordinated Indebtedness

Subchapter A. General Provisions

Section 427.001. Applicability of Chapter - Sec. 427.001. APPLICABILITY OF CHAPTER. This chapter applies to an...

Section 427.002. Rules - Sec. 427.002. RULES. The commissioner shall adopt rules necessary to...

Subchapter B. Loan, Advance, and Other Indebtedness

Section 427.051. Loan or Advance Permitted - Sec. 427.051. LOAN OR ADVANCE PERMITTED. An insurer or health...

Section 427.052. Subordinated Liability Permitted - Sec. 427.052. SUBORDINATED LIABILITY PERMITTED. (a) An insurer or health...

Section 427.053. Approval of Agreement Required - Sec. 427.053. APPROVAL OF AGREEMENT REQUIRED. (a) An insurer or...

Section 427.054. Liability - Sec. 427.054. LIABILITY. (a) A loan or advance made under...

Section 427.055. Payment of Principal or Interest on Certain Liabilities - Sec. 427.055. PAYMENT OF PRINCIPAL OR INTEREST ON CERTAIN LIABILITIES....

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Texas Statutes Title 4 - Regulation of Solvency Subtitle B - Reserves and Investments

Texas Statutes
Title 4 - Regulation of Solvency
Subtitle B - Reserves and Investments