Tex. Ins. Code § 424.052 · Subchapter B. INVESTMENT OF FUNDS IN EXCESS OF MINIMUM CAPITAL AND SURPLUS
ADDITIONAL GENERAL INVESTMENT AUTHORITY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
An insurer may make investments that are not otherwise authorized by this chapter or otherwise authorized by this code for the insurer if:
(1) the investment is not specifically prohibited by law and does not exceed the limits prescribed by this code;
(2) the amount of a single investment under this section does not exceed five percent of the insurer's capital and surplus in excess of the insurer's minimum capital and surplus; and
(3) the aggregate amount of all investments made by the insurer under this section does not exceed five percent of the insurer's assets.
Notes and commentary — not statutory text
History
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, 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.424.htm
- Text hash
- sha256 187822a6c76445ae912b6870406b37aeb88f4af6d95fdf442692b7328e7ff303
- 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
Cited by 10 provisions
Provisions in this library whose text cites Tex. Ins. Code § 424.052. Each shows the citation as that text prints it.
Insurance Code
- Tex. Ins. Code § 822.056SHARES OF STOCK WITHOUT PAR VALUE.Printed as Section 424.052, 424.072, or 424.073
- Tex. Ins. Code § 822.158DETERMINATION ON APPLICATION FOR CHARTER AMENDMENT.Printed as Sections 424.052, 424.072, and 424.073
- Tex. Ins. Code § 861.251MINIMUM CAPITAL AND SURPLUS.Printed as Section 424.052, 424.072, or 424.073
- Tex. Ins. Code § 883.202REQUIRED DEPOSIT FOR COMPANIES WRITING BONDS.Printed as Section 424.052, 424.072, or 424.073
- Tex. Ins. Code § 911.001LIMITED EXEMPTION FROM INSURANCE LAWS; APPLICABILITY OF CERTAIN LAWS.Printed as Section 424.052, 424.072, or 424.073
- Tex. Ins. Code § 911.308SURPLUS REQUIREMENTS.Printed as Sections 424.052, 424.072, and 424.073
- Tex. Ins. Code § 912.002LIMITED EXEMPTION FROM INSURANCE LAWS; APPLICABILITY OF CERTAIN LAWS.Printed as Sections 424.052, 424.072, and 424.073
- Tex. Ins. Code § 941.204AUTHORIZED INVESTMENTS.Printed as Sections 424.052, 424.072, and 424.073
- Tex. Ins. Code § 942.155FINANCIAL REQUIREMENTS.Printed as Sections 424.052, 424.072, and 424.073
- Tex. Ins. Code § 942.156ISSUANCE OF FIDELITY AND SURETY BOND INSURANCE; DEPOSIT REQUIRED.Printed as Sections 424.052, 424.072, and 424.073
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.