Tex. Ins. Code § 427.051

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

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 assets that have a readily determinable value and are satisfactory to the commissioner.

Tex. Ins. Code § 427.051

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