Tex. Ins. Code § 424.107 · Subchapter C. INVESTMENT POOLS
AUTHORIZED INVESTMENTS FOR AUTHORIZED INVESTMENT POOL; LIMITATION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) An authorized investment pool may contain only investments that a participating insurer is authorized to acquire by provisions of this code other than this subchapter.
(b) The insurer's total of proportionate ownership interests in a single authorized investment held by an authorized investment pool and the insurer's direct investments in that authorized investment may not exceed the limit prescribed by the applicable authorizing provision.
(c) In addition to the limitation described by Subsection (b), an insurer is subject to the limitations described by Section 424.108.
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 bfe96189cee295c4d80ee9513aa1d2afc498798049a65e780fe35e0882b9ace9
- 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
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