{"data":{"id":"us-tx/tex.-insurance-code-823.256","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 823.256","heading":"COMMISSIONER'S APPROVAL OF INVESTMENT.","body":"With the prior approval of the commissioner, a domestic insurer may invest any amount in the securities of one or more affiliates if after the investment 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#823.256","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"c2ffcf9f7352aa68885430bf151e6ca6f4ddb37bb659ff1b03e469046913335e","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-823.255","next":"us-tx/tex.-insurance-code-823.257"},"notice":"GroundRules: Original legal text. Not legal advice."}