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Texas Insurance Code - Section 427.051. Loan Or Advance Permitted

Legal Research Home > Texas Lawyer > Insurance Code > Texas Insurance Code - Section 427.051. Loan Or Advance Permitted

§ 427.051. LOAN OR ADVANCE PERMITTED.  An insurer or 
health maintenance organization may obtain a loan or an advance, 
repayable with interest, of:
		(1)  cash;                                                                    
		(2)  cash equivalents;  or                                                    
		(3)  other assets that have a readily determinable 
value and are satisfactory to the commissioner.

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

Last modified: August 10, 2007