Texas Insurance Code - Section 424.109. Designation Of Pool Manager; Qualifications
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Texas Lawyer > Insurance Code > Texas Insurance Code - Section 424.109. Designation Of Pool Manager; Qualifications
§ 424.109. DESIGNATION OF POOL MANAGER;
QUALIFICATIONS. (a) The pooling agreement for an investment pool
must designate a pool manager.
(b) The pool manager must be organized under the laws of the
United States or a state and must be:
(1) the investing insurer, an affiliated insurer, or a
business entity affiliated with the insurer;
(2) a qualified bank;
(3) a business entity registered under the Investment
Advisers Act of 1940 (15 U.S.C. Section 80b-1 et seq.), as amended;
(4) the attorney-in-fact of a reciprocal or
interinsurance exchange; or
(5) the United States manager or an affiliate or
subsidiary of the United States manager of a United States branch of
an alien insurer.
Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007.
Section: 424.102 424.103 424.104 424.105 424.106 424.107 424.108 424.109 424.110 424.111 424.112 424.113 424.114 424.115 424.151
Last modified: August 10, 2007
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