{"data":{"id":"us-tx/tex.-insurance-code-964.061","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 964.061","heading":"INVESTMENTS.","body":"(a) A captive insurance company is not subject to a restriction on allowable investments, except as provided by this section.\n(b) A captive insurance company may make loans to its affiliates with the prior approval of the commissioner. Each loan must be evidenced by a note approved by the commissioner. A captive insurance company may not make a loan of the minimum capital and surplus funds, or the equivalent, required by this chapter.\n(c) The commissioner may prohibit or limit an investment that threatens the solvency or liquidity of a captive insurance company.\nAdded by Acts 2013, 83rd Leg., R.S., Ch. 569 (S.B. 734), Sec. 2, eff. June 14, 2013.\nAmended by:\nActs 2017, 85th Leg., R.S., Ch. 1050 (H.B. 1944), Sec. 1.11, eff. June 15, 2017.","path":["INSURANCE CODE","TITLE 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES","SUBTITLE H. OTHER ENTITIES","CHAPTER 964. CAPTIVE INSURANCE COMPANIES","SUBCHAPTER B. CAPTIVE INSURANCE COMPANIES"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.964.htm#964.061","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"9183d1a508c38ca6e6fcb0fe3dbc811ec4ac88792903953200485ca109368b8d","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-964.060","next":"us-tx/tex.-insurance-code-964.062"},"notice":"GroundRules: Original legal text. Not legal advice."}