Texas Insurance Code Title 4, Chapter 427 - Subordinated Indebtedness

SUBCHAPTER A GENERAL PROVISIONS

• Texas Section 427.001 - Applicability Of Chapter
  This chapter applies to an insurer or health maintenance organization as defined by Section 401.001. Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017),...

SUBCHAPTER B LOAN, ADVANCE, AND OTHER INDEBTEDNESS

• Texas Section 427.002 - Rules
  The commissioner shall adopt rules necessary to implement this chapter. Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1,
• Texas Section 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...
• Texas Section 427.052 - Subordinated Liability Permitted
  (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...
• Texas Section 427.053 - Approval Of Agreement Required
  (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 content...
• Texas Section 427.054 - Liability
  (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...
• Texas Section 427.055 - Payment Of Principal Or Interest On Certain Liabilities
  (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: September 28, 2016