Tex. Ins. Code § 425.122 · Subchapter C. AUTHORIZED INVESTMENTS AND TRANSACTIONS FOR CAPITAL STOCK LIFE, HEALTH, AND ACCIDENT INSURERS
AUTHORIZED INVESTMENTS: PREMIUM LOANS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Subject to Subsection (b), an insurance company may make loans to finance the payment of premiums for the company's own insurance policies or annuity contracts.
(b) The amount of a loan under this section may not exceed the sum of:
(1) the available cash value of the insurance policy or annuity contract for which the premium loan is made; and
(2) the amount of any escrowed commissions payable relating to the insurance policy or annuity contract.
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.425.htm
- Text hash
- sha256 13862c19954102fb65c7d3649bd386f90d5b10b21a2097a9794b4132c37ad9be
- 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.