Tex. Ins. Code § 823.256 · Subchapter F. INSURER'S LOANS TO OR INVESTMENT IN AFFILIATE
COMMISSIONER'S APPROVAL OF INVESTMENT.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
With the prior approval of the commissioner, a domestic insurer may invest any amount in the securities of one or more affiliates if after the investment the insurer's policyholders' surplus is reasonable in relation to the insurer's outstanding liabilities and adequate to its financial needs.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.823.htm
- Text hash
- sha256 dbf7fcbd86eca7637b8aab2dd778ea4c4e62ef8e5cba1e4bc115b8ef6eb12290
- 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.