Tex. Insurance Code § 424.107
This is the official text of Tex. Insurance Code § 424.107, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 424.107. AUTHORIZED INVESTMENTS FOR AUTHORIZED INVESTMENT POOL; LIMITATION.
Official statutory text
(a) An authorized investment pool may contain only investments that a participating insurer is authorized to acquire by provisions of this code other than this subchapter.
(b) The insurer's total of proportionate ownership interests in a single authorized investment held by an authorized investment pool and the insurer's direct investments in that authorized investment may not exceed the limit prescribed by the applicable authorizing provision.
(c) In addition to the limitation described by Subsection (b), an insurer is subject to the limitations described by Section 424.108.
(b) The insurer's total of proportionate ownership interests in a single authorized investment held by an authorized investment pool and the insurer's direct investments in that authorized investment may not exceed the limit prescribed by the applicable authorizing provision.
(c) In addition to the limitation described by Subsection (b), an insurer is subject to the limitations described by Section 424.108.
Status: in_force · Read it on the official government site
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