Tex. Insurance Code § 427.051: LOAN OR ADVANCE PERMITTED.
Where this section sits in the code
- INSURANCE CODE
- TITLE 4. REGULATION OF SOLVENCY
- SUBTITLE B. RESERVES AND INVESTMENTS
- CHAPTER 427. SUBORDINATED INDEBTEDNESS
- SUBCHAPTER B. LOAN, ADVANCE, AND OTHER INDEBTEDNESS
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.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.
Collected 2026-08-27T01:47:21Z. Source file · JSON