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.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.