Tex. Ins. Code § 425.008

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 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.

Tex. Ins. Code § 425.008

Added by Acts 2005, 79th Leg., Ch. 727, Sec. 1, eff. 4/1/2007.