{"data":{"id":"us-tx/tex.-insurance-code-423.104","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 423.104","heading":"PROOF OF OWNERSHIP OF SECURITIES.","body":"(a) A domestic insurer may demonstrate ownership of a security through a definitive certificate or in accordance with rules adopted under this section.\n(b) The commissioner shall adopt rules under which a domestic insurer may demonstrate ownership of an uncertificated security, as defined by Section 8.102(a), Business \u0026 Commerce Code, consistent with common practices of securities exchanges and markets. The rules must establish:\n(1) standards for the types of uncertificated securities the insurer may hold;\n(2) the manner in which the insurer may demonstrate ownership of the security; and\n(3) adequate financial safeguards relating to the ownership of uncertificated securities.\nAdded by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.","path":["INSURANCE CODE","TITLE 4. REGULATION OF SOLVENCY","SUBTITLE B. RESERVES AND INVESTMENTS","CHAPTER 423. TRANSACTIONS WITH MONEY AND OTHER ASSETS","SUBCHAPTER C. TRANSACTIONS WITH OTHER ASSETS"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.423.htm#423.104","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"f5a008e35719125cf34225b6dacfbd299fddfc868e3fb91079c8b70727a9b07d","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-423.103","next":"us-tx/tex.-insurance-code-423.105"},"notice":"GroundRules: Original legal text. Not legal advice."}