Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 425.203 - Limitation on Funds and Other Assets(a) An insurer may not use the insurer's funds to make an investment or loan that is not authorized by this subchapter.(b) An insurer may not secure, hold, or convey real property except as authorized by this subchapter.
Tex. Ins. Code § 425.203
Added by Acts 2005, 79th Leg., Ch. 727, Sec. 1, eff. 4/1/2007.