{"data":{"id":"us-tx/tex.-insurance-code-823.254","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 823.254","heading":"STANDARD FOR INVESTMENT IN AFFILIATE BY INSURER WITH LOW TOTAL LIABILITIES.","body":"If a domestic insurer's total liabilities, as computed for National Association of Insurance Commissioners annual statement purposes, are less than 10 percent of the insurer's assets, the insurer may invest any amount in the securities of one or more affiliates organized for any lawful purpose if after the investment, treating the investment as if it were a nonadmitted asset, the insurer's policyholders' surplus is reasonable in relation to the insurer's outstanding liabilities and adequate to its financial needs.\nAdded by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.","path":["INSURANCE CODE","TITLE 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES","SUBTITLE B. ORGANIZATION OF REGULATED ENTITIES","CHAPTER 823. INSURANCE HOLDING COMPANY SYSTEMS","SUBCHAPTER F. INSURER'S LOANS TO OR INVESTMENT IN AFFILIATE"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.823.htm#823.254","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"34075876610faa480c8d158ee9b2726f41f84bbbcedf2822c898b0db57a2fbb9","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-823.253","next":"us-tx/tex.-insurance-code-823.255"},"notice":"GroundRules: Original legal text. Not legal advice."}