Tex. Ins. Code § 424.109 · Subchapter C. INVESTMENT POOLS
DESIGNATION OF POOL MANAGER; QUALIFICATIONS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The pooling agreement for an investment pool must designate a pool manager.
(b) The pool manager must be organized under the laws of the United States or a state and must be:
(1) the investing insurer, an affiliated insurer, or a business entity affiliated with the insurer;
(2) a qualified bank;
(3) a business entity registered under the Investment Advisers Act of 1940 (15 U.S.C. Section 80b-1 et seq.), as amended;
(4) the attorney-in-fact of a reciprocal or interinsurance exchange; or
(5) the United States manager or an affiliate or subsidiary of the United States manager of a United States branch of an alien insurer.
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 a19a04796946b76310008e32d19ba4dbc7babf64be2c70ebfa717cfcef81d821
- 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.