Texas Insurance Code 425.204 – Approval of Investments and Loans Required
Current as of: 2024 | Check for updates
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(a) An insurer may not make an investment unless the investment has been authorized by the insurer’s board of directors or by a committee responsible for supervising investments.
(b) An insurer may not make a loan other than a policy loan unless the loan has been authorized by the insurer’s board of directors or by a committee responsible for supervising loans.
