Texas Insurance Code - Section 424.107. Authorized Investments For Authorized Investment Pool; Limitation
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§ 424.107. AUTHORIZED INVESTMENTS FOR AUTHORIZED
INVESTMENT POOL; LIMITATION. (a) An authorized investment pool
may contain only investments that a participating insurer is
authorized to acquire by provisions of this code other than this
subchapter.
(b) The insurer's total of proportionate ownership
interests in a single authorized investment held by an authorized
investment pool and the insurer's direct investments in that
authorized investment may not exceed the limit prescribed by the
applicable authorizing provision.
(c) In addition to the limitation described by Subsection
(b), an insurer is subject to the limitations described by Section
424.108.
Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007.
Section: 424.074 424.101 424.102 424.103 424.104 424.105 424.106 424.107 424.108 424.109 424.110 424.111 424.112 424.113 424.114
Last modified: August 11, 2007
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