Tex. Ins. Code § 2204.102

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 2204.102 - Investments in Member or Agent

(a) The commissioner by rule may establish limitations on investments in a member.

(b) An investment, directly or indirectly, in a member by an agent transacting business on the exchange or in an agent transacting business on the exchange by a member is limited in the aggregate to:

(1) less than 20 percent of the total investment in the member or agent; or

(2) a lesser amount provided by a rule adopted by the commissioner.

Tex. Ins. Code § 2204.102

Added by Acts 2005, 79th Leg., Ch. 727, Sec. 2, eff. 4/1/2007.