Texas Insurance Code 425.008 – Authorized Investments for Foreign Companies
Current as of: 2024 | Check for updates
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Terms Used In Texas Insurance Code 425.008
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Property: means real and personal property. See Texas Government Code 311.005
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.