Texas Insurance Code 823.256 – Commissioner’s Approval of Investment
Current as of: 2024 | Check for updates
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Terms Used In Texas Insurance Code 823.256
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
With the prior approval of the commissioner, a domestic insurer may invest any amount in the securities of one or more affiliates if after the investment the insurer’s policyholders’ surplus is reasonable in relation to the insurer’s outstanding liabilities and adequate to its financial needs.