Tex. Ins. Code § 424.065 · Subchapter B. INVESTMENT OF FUNDS IN EXCESS OF MINIMUM CAPITAL AND SURPLUS
ACTING AS REAL ESTATE BROKER OR SALESPERSON PROHIBITED.
Text — Current through the 89th 2nd Called Legislative Session, 2025
An insurer defined in Section 822.001 or 822.201 or another insurer specifically made subject to Sections 424.051, 424.053-424.071, and 424.074 may not engage in the business of a broker or salesperson as defined by Chapter 1101, Occupations Code, except that the insurer may hold, improve, maintain, manage, rent, lease, sell, exchange, or convey any of the real property interests legally owned as investments under this code.
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 698aa18caad93988677ed75e4edf6c4d9100bf012f2c3f048d6f1151a5f1da61
- 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
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Insurance Code
- Tex. Ins. Code § 424.051GENERAL INVESTMENT AUTHORITY SPECIFIED BY LAW.Printed as Sections 424.051, 424.053-424.071, and 424.074
- Tex. Ins. Code § 424.074OTHER SPECIFICALLY AUTHORIZED INVESTMENTS.Printed as Sections 424.051, 424.053-424.071, and 424.074
- Tex. Ins. Code § 822.001APPLICABILITY OF CHAPTER.Printed as Section 822.001 or 822.201
- Tex. Ins. Code § 822.201APPLICABILITY OF CAPITAL AND SURPLUS REQUIREMENTS.Printed as Section 822.001 or 822.201
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.