Texas Insurance Code - Section 424.108. General Insurer Investment Limitations
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§ 424.108. GENERAL INSURER INVESTMENT LIMITATIONS. An
insurer may not acquire an investment in an investment pool if, as a
result of and after making the investment, the aggregate amount of
investments held by the insurer under this subchapter at the time of
the investment:
(1) in a single investment pool would exceed 10
percent of the insurer's admitted assets;
(2) in all investment pools investing in investments
authorized under Section 424.107 would exceed 25 percent of the
insurer's admitted assets; or
(3) in all investment pools would exceed 35 percent of
the insurer's admitted assets.
Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007.
Section: 424.101 424.102 424.103 424.104 424.105 424.106 424.107 424.108 424.109 424.110 424.111 424.112 424.113 424.114 424.115
Last modified: August 11, 2007
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