Tex. Ins. Code § 425.152 · Subchapter C. AUTHORIZED INVESTMENTS AND TRANSACTIONS FOR CAPITAL STOCK LIFE, HEALTH, AND ACCIDENT INSURERS
AUTHORIZED INVESTMENTS: INVESTMENTS NOT OTHERWISE SPECIFIED OR PROHIBITED; INVESTMENTS AUTHORIZED BY OTHER LAW.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Subject to this section, an insurance company may make an investment that is not otherwise authorized by this subchapter and that is not specifically prohibited by statute, including any portion of an investment that exceeds the limits imposed by Sections 425.109-425.121, 425.124-425.132, and 425.151.
(b) If any aggregate or individual investment limitation imposed by Sections 425.109-425.121, 425.124-425.132, and 425.151 is exceeded, the excess portion of the investment is considered to be an investment under Subsection (a).
(c) The insurance company has the burden of establishing the value of an investment made under Subsection (a).
(d) The amount of a single investment made by an insurance company under Subsection (a) may not exceed 10 percent of the company's capital and surplus in excess of the statutory minimum capital and surplus applicable to that company.
(e) The aggregate amount of an insurance company's investments under Subsection (a) may not exceed the lesser of:
(1) five percent of the company's assets; or
(2) the amount of the company's capital and surplus that exceeds the amount of statutory minimum capital and surplus applicable to that company.
(f) An insurance company may invest in any investment authorized for an insurance company that is subject to this subchapter by a provision of this code other than this subchapter or by another law of this state.
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 99f5673724f17fd291c96b51525197d55d41798ff21052fbcdb5f562299b8dbf
- 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
Cited by 3 provisions
Provisions in this library whose text cites Tex. Ins. Code § 425.152. Each shows the citation as that text prints it.
Insurance Code
- Tex. Ins. Code § 425.151AUTHORIZED INVESTMENTS: FOREIGN COUNTRIES AND UNITED STATES TERRITORIES.Printed as Sections 425.109-425.121, 425.124-425.132, and 425.152
- Tex. Ins. Code § 425.153AUTHORIZED INVESTMENTS: CERTAIN PREVIOUSLY AUTHORIZED INVESTMENTS.Printed as Sections 425.109-425.120, 425.151, and 425.152
- Tex. Ins. Code § 425.157AGGREGATE DIVERSIFICATION REQUIREMENTS.Printed as Sections 425.119, 425.120, 425.152, and 425.153
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.