Tex. Insurance Code § 424.109
DESIGNATION OF POOL MANAGER; QUALIFICATIONS
Texas · Texas Insurance Code · Status: effective
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- Citation
- Tex. Insurance Code § 424.109, DESIGNATION OF POOL MANAGER; QUALIFICATIONS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/677472
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Full text
(a) The pooling agreement for an investment pool must designate a pool manager.
(b) The pool manager must be organized under the laws of the United States or a state and must be:
(1) the investing insurer, an affiliated insurer, or a business entity affiliated with the insurer;
(2) a qualified bank;
(3) a business entity registered under the Investment Advisers Act of 1940 (15 U.S.C. Section 80b-1 et seq.), as amended;
(4) the attorney-in-fact of a reciprocal or interinsurance exchange; or
(5) the United States manager or an affiliate or subsidiary of the United States manager of a United States branch of an alien insurer.