Tex. Ins. Code § 964.061

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 964.061 - Investments
(a) A captive insurance company is not subject to a restriction on allowable investments, except as provided by this section.
(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.
(c) The commissioner may prohibit or limit an investment that threatens the solvency or liquidity of a captive insurance company.

Tex. Ins. Code § 964.061

Amended by Acts 2017, Texas Acts of the 85th Leg. - Regular Session, ch. 1050,Sec. 1.11, eff. 6/15/2017.
Added by Acts 2013, 83rd Leg. - Regular Session, ch. 569,Sec. 2, eff. 6/14/2013.