{"data":{"id":"us-tx/tex.-insurance-code-425.204","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 425.204","heading":"APPROVAL OF INVESTMENTS AND LOANS REQUIRED.","body":"(a) An insurer may not make an investment unless the investment has been authorized by the insurer's board of directors or by a committee responsible for supervising investments.\n(b) An insurer may not make a loan other than a policy loan unless the loan has been authorized by the insurer's board of directors or by a committee responsible for supervising loans.\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 425. RESERVES AND INVESTMENTS FOR LIFE INSURANCE COMPANIES AND RELATED ENTITIES","SUBCHAPTER D. AUTHORIZED INVESTMENTS AND TRANSACTIONS FOR OTHER LIFE, HEALTH, AND ACCIDENT INSURERS"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.425.htm#425.204","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"6758498feeb6e26e945378233db64387c1e27478b77b4fd7a9c392de016241c9","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-425.203","next":"us-tx/tex.-insurance-code-425.205"},"notice":"GroundRules: Original legal text. Not legal advice."}