Texas Insurance Code 425.203 – Limitation On Funds and Other Assets
Current as of: 2024 | Check for updates
|
Other versions
(a) An insurer may not use the insurer’s funds to make an investment or loan that is not authorized by this subchapter.
(b) An insurer may not secure, hold, or convey real property except as authorized by this subchapter.
Terms Used In Texas Insurance Code 425.203
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.