Tex. Insurance Code § 425.207
This is the official text of Tex. Insurance Code § 425.207, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 425.207.
Official statutory text
Sec. 425.207. AUTHORIZED INVESTMENTS FOR ALL FUNDS: SHARES OF SAVINGS AND LOAN ASSOCIATIONS. (a) Subject to this section, an insurer may invest any of the insurer's funds and accumulations in a share, stock, share or savings account, or investment certificate of a savings and loan association engaged in business in this state that is qualified to participate in insurance issued by the Federal Deposit Insurance Corporation.
(b) An insurer's investment in a savings and loan association may not exceed 20 percent of the savings and loan association's total assets.
(b) An insurer's investment in a savings and loan association may not exceed 20 percent of the savings and loan association's total assets.
Status: in_force · Read it on the official government site
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