Tex. Ins. Code § 964.061 · Subchapter B. CAPTIVE INSURANCE COMPANIES
INVESTMENTS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A captive insurance company is not subject to a restriction on allowable investments, except as provided by this section.
(b) A captive insurance company may make loans to its affiliates with the prior approval of the commissioner. Each loan must be evidenced by a note approved by the commissioner. A captive insurance company may not make a loan of the minimum capital and surplus funds, or the equivalent, required by this chapter.
(c) The commissioner may prohibit or limit an investment that threatens the solvency or liquidity of a captive insurance company.
Notes and commentary — not statutory text
History
Added by Acts 2013, 83rd Leg., R.S., Ch. 569 (S.B. 734), Sec. 2, eff. June 14, 2013.
Amended by:
Acts 2017, 85th Leg., R.S., Ch. 1050 (H.B. 1944), Sec. 1.11, eff. June 15, 2017.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.964.htm
- Text hash
- sha256 268c12e8e5e98f8e04f2dac039dadb881f8f720d07a22260fcb65350f3a32e13
- 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.