Tex. Ins. Code § 425.158 · Subchapter C. AUTHORIZED INVESTMENTS AND TRANSACTIONS FOR CAPITAL STOCK LIFE, HEALTH, AND ACCIDENT INSURERS
WAIVER BY COMMISSIONER OF QUANTITATIVE LIMITATIONS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The commissioner may waive a quantitative limitation on any investment authorized by Sections 425.109-425.132 and 425.151-425.156 if:
(1) the insurer seeks the waiver before making the investment;
(2) a hearing is held to determine whether the waiver should be granted;
(3) the applicant seeking the waiver establishes that unreasonable or unnecessary loss or harm will result to the company if the commissioner denies the waiver;
(4) the excess investment will not have a material adverse effect on the company; and
(5) the size of the investment is reasonable in relation to the company's assets, capital, surplus, and liabilities.
(b) The commissioner's waiver must be in writing and may treat the resulting excess investment as a nonadmitted asset.
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 b3a036dc1897680b13b54ec726d62e1c4f91ce9176ea86c79b1c8e09be037c14
- 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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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.