Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 425.122 - Authorized Investments: Premium Loans(a) Subject to Subsection (b), an insurance company may make loans to finance the payment of premiums for the company's own insurance policies or annuity contracts.(b) The amount of a loan under this section may not exceed the sum of: (1) the available cash value of the insurance policy or annuity contract for which the premium loan is made; and(2) the amount of any escrowed commissions payable relating to the insurance policy or annuity contract.Added by Acts 2005, 79th Leg., Ch. 727, Sec. 1, eff. 4/1/2007.