Tex. Ins. Code § 425.208 · Subchapter D. AUTHORIZED INVESTMENTS AND TRANSACTIONS FOR OTHER LIFE, HEALTH, AND ACCIDENT INSURERS
AUTHORIZED INVESTMENTS FOR ALL FUNDS: BANK AND BANK HOLDING COMPANY STOCKS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Subject to this section, an insurer may invest any of the insurer's funds and accumulations in:
(1) the stock of a state or national bank that is a member of the Federal Deposit Insurance Corporation; and
(2) the stock of a bank holding company as defined by the Bank Holding Company Act of 1956 (12 U.S.C. Section 1841 et seq.), as amended by the Bank Holding Company Act Amendments of 1970 (12 U.S.C. Section 1841 et seq. and Section 1971 et seq.).
(b) An insurer's investment in the stock of a bank or bank holding company may not exceed:
(1) 20 percent of the total outstanding shares of the stock of the bank or bank holding company; or
(2) 10 percent of the insurer's admitted assets.
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 e9937a72ef213c10382c9ee40d6346ff500ad1fad71b93bc26e4fa3ac750ea68
- 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
Cited by 1 provision
Provisions in this library whose text cites Tex. Ins. Code § 425.208. Each shows the citation as that text prints it.
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