Section 424.053 - Limitation As to Single Issuer or Borrower(a) Notwithstanding Sections 424.051, 424.056-424.071, and 424.074, the aggregate amount of an insurer's investments in all or any type of securities, loans, obligations, or evidences of indebtedness of a single issuer or borrower, other than investments described by Subsection (c), may not exceed five percent of the insurer's total assets.(b) For purposes of this section, a single issuer or borrower includes: (1) the issuer's or borrower's majority-owned subsidiaries;(2) the issuer's or borrower's parent; or(3) the majority-owned subsidiaries of the issuer's or borrower's parent.(c) This section does not apply to:(1) an authorized investment that: (A) is a direct obligation of or guaranteed by the full faith and credit of the United States, this state, or a political subdivision of this state; or(B) is insured by an agency of the United States or this state; or(2) an investment described by Section 424.061 or 424.063.Added by Acts 2005, 79th Leg., Ch. 727, Sec. 1, eff. 4/1/2007.