{"data":{"id":"us-tx/tex.-insurance-code-424.053","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 424.053","heading":"LIMITATION AS TO SINGLE ISSUER OR BORROWER.","body":"(a) Notwithstanding Sections 424.051, 424.056-424.071, and 424.074, the aggregate amount of an insurer's investments in all or any type of securities, loans, obligations, or evidences of indebtedness of a single issuer or borrower, other than investments described by Subsection (c), may not exceed five percent of the insurer's total assets.\n(b) For purposes of this section, a single issuer or borrower includes:\n(1) the issuer's or borrower's majority-owned subsidiaries;\n(2) the issuer's or borrower's parent; or\n(3) the majority-owned subsidiaries of the issuer's or borrower's parent.\n(c) This section does not apply to:\n(1) an authorized investment that:\n(A) is a direct obligation of or guaranteed by the full faith and credit of the United States, this state, or a political subdivision of this state; or\n(B) is insured by an agency of the United States or this state; or\n(2) an investment described by Section 424.061 or 424.063.\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 424. INVESTMENTS FOR CERTAIN INSURERS","SUBCHAPTER B. INVESTMENT OF FUNDS IN EXCESS OF MINIMUM CAPITAL AND SURPLUS"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.424.htm#424.053","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"4a516c1719993b141ec3ac1d2920e7927a477adb035d319ecb2a689f3c78fe41","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-424.052","next":"us-tx/tex.-insurance-code-424.054"},"notice":"GroundRules: Original legal text. Not legal advice."}