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Texas Insurance Code - Chapter 427 Subordinated IndebtednessLegal Research Home > Texas Lawyer > Insurance Code > Texas Insurance Code - Chapter 427 Subordinated Indebtedness Sponsored LinksThis chapter applies to an insurer or health maintenance organization as defined by Section 401.001. Added by Acts 2005, 79th Leg., ch. 727, § 1, ... The commissioner shall adopt rules necessary to implement this chapter. Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007. ... 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 ... (a) An insurer or health maintenance organization may assume a subordinated liability for repayment of a loan or advance described by Section 427.051 and payment ... (a) An insurer or health maintenance organization must submit the written agreement under Section 427. 052 to the commissioner for approval of the form and ... (a) A loan or advance made under this chapter, including any interest accruing on the loan or advance, is a legal liability of the insurer ... (a) An insurer or health maintenance organization may not pay principal or interest on a subordinated liability assumed under Section 427.052 or Subchapter C, Chapter ... Last modified: August 11, 2007 |