Tex. Ins. Code § 2204.102 · Subchapter C. FINANCES
INVESTMENTS IN MEMBER OR AGENT.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The commissioner by rule may establish limitations on investments in a member.
(b) An investment, directly or indirectly, in a member by an agent transacting business on the exchange or in an agent transacting business on the exchange by a member is limited in the aggregate to:
(1) less than 20 percent of the total investment in the member or agent; or
(2) a lesser amount provided by a rule adopted by the commissioner.
Notes and commentary — not statutory text
History
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.2204.htm
- Text hash
- sha256 1df8b50b4ca92ff23d9907e0f260a8153f44fad23ee2f4426ba230c078714fc8
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.