Court Opinions

State Laws

US Code

US Constitution

Texas Insurance Code - Section 425.008. Authorized Investments For Foreign Companies

Legal Research Home > Texas Lawyer > Insurance Code > Texas Insurance Code - Section 425.008. Authorized Investments For Foreign Companies

§ 425.008. AUTHORIZED INVESTMENTS FOR FOREIGN 
COMPANIES.  A foreign company shall invest the company's assets in:
		(1)  securities or property of the same classes in 
which the law of this state permits a domestic insurance company to 
invest;  or
		(2)  securities permitted by other law of this state 
and approved by the commissioner as being of substantially the same 
grade as securities or property in which a domestic insurance 
company is permitted to invest.

Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007.           

Last modified: August 11, 2007