Texas Insurance Code 427.051 – Loan or Advance Permitted
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Terms Used In Texas Insurance Code 427.051
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
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.