Tex. Ins. Code § 425.151 · Subchapter C. AUTHORIZED INVESTMENTS AND TRANSACTIONS FOR CAPITAL STOCK LIFE, HEALTH, AND ACCIDENT INSURERS
AUTHORIZED INVESTMENTS: FOREIGN COUNTRIES AND UNITED STATES TERRITORIES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) In addition to the investments within Canada authorized by this subchapter and subject to this section, an insurance company may make investments within another foreign country or a commonwealth, territory, or possession of the United States.
(b) An investment made under this section must be substantially the same type as an investment authorized to be made within the United States or Canada by this subchapter.
(c) The sum of the amount of investments made under this section and the amount of similar investments made within the United States and Canada may not exceed any limitation imposed by Sections 425.109-425.121, 425.124-425.132, and 425.152.
(d) The aggregate amount of an insurance company's investments under this section may not exceed the sum of:
(1) the amount of the company's reserves attributable to insurance business in force in foreign countries, if any, and any additional investments required by a foreign country as a condition of engaging in business in that country; and
(2) 20 percent of the company's assets.
(e) An insurance company may not invest more than 10 percent of the company's assets in investments denominated in foreign currency that are not hedged under Sections 425.124-425.132.
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 64f833c7b12bff8e8f7f6e3521f6d36a59c6c91d08adc441104ab35c173c8fcc
- 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 § 425.109AUTHORIZED INVESTMENTS: GOVERNMENT OBLIGATIONS.Printed as Sections 425.109-425.121, 425.124-425.132, and 425.152
- Tex. Ins. Code § 425.124AUTHORIZED INVESTMENTS: RISK CONTROL TRANSACTIONS.Printed as Sections 425.124-425.132
- Tex. Ins. Code § 425.132RISK CONTROL TRANSACTIONS: OFFSETTING TRANSACTIONS.Printed as Sections 425.124-425.132
- Tex. Ins. Code § 425.152AUTHORIZED INVESTMENTS: INVESTMENTS NOT OTHERWISE SPECIFIED OR PROHIBITED; INVESTMENTS AUTHORIZED BY OTHER LAW.Printed as Sections 425.109-425.121, 425.124-425.132, and 425.152
Cited by 2 provisions
Provisions in this library whose text cites Tex. Ins. Code § 425.151. Each shows the citation as that text prints it.
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