Tex. Insurance Code § 425.008
This is the official text of Tex. Insurance Code § 425.008, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 425.008. AUTHORIZED INVESTMENTS FOR FOREIGN COMPANIES.
Official statutory text
A foreign company shall invest the company's assets in:
(1) securities or property of the same classes in which the law of this state permits a domestic insurance company to invest; or
(2) securities permitted by other law of this state and approved by the commissioner as being of substantially the same grade as securities or property in which a domestic insurance company is permitted to invest.
(1) securities or property of the same classes in which the law of this state permits a domestic insurance company to invest; or
(2) securities permitted by other law of this state and approved by the commissioner as being of substantially the same grade as securities or property in which a domestic insurance company is permitted to invest.
Status: in_force · Read it on the official government site
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