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Tex. Insurance Code § 424.069

AUTHORIZED INVESTMENTS: CERTAIN LOANS

Texas · Texas Insurance Code · Status: effective

Banking, Finance & Insurance
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Tex. Insurance Code § 424.069, AUTHORIZED INVESTMENTS: CERTAIN LOANS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/677456
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An insurer may invest the insurer's funds in excess of minimum capital and surplus in a loan on the pledge of any mortgage, stock, bond, or other evidence of indebtedness acceptable as an investment under Sections 424.051, 424.053-424.071, and 424.074, if the current value of the mortgage, stock, bond, or other evidence of indebtedness is at least 25 percent more than the amount of the loan.