{"data":{"id":"us-tx/tex.-insurance-code-424.109","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 424.109","heading":"DESIGNATION OF POOL MANAGER; QUALIFICATIONS.","body":"(a) The pooling agreement for an investment pool must designate a pool manager.\n(b) The pool manager must be organized under the laws of the United States or a state and must be:\n(1) the investing insurer, an affiliated insurer, or a business entity affiliated with the insurer;\n(2) a qualified bank;\n(3) a business entity registered under the Investment Advisers Act of 1940 (15 U.S.C. Section 80b-1 et seq.), as amended;\n(4) the attorney-in-fact of a reciprocal or interinsurance exchange; or\n(5) the United States manager or an affiliate or subsidiary of the United States manager of a United States branch of an alien insurer.\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 C. INVESTMENT POOLS"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.424.htm#424.109","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"ae70ad51b8ae51ea62327b1eaa6b73ebafc3089c66d1fca6da4fbeecf3626a7b","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-424.108","next":"us-tx/tex.-insurance-code-424.110"},"notice":"GroundRules: Original legal text. Not legal advice."}