yourstate.us
Home / Texas / Insurance Code
Tex. Insurance Code § 425.122

AUTHORIZED INVESTMENTS: PREMIUM LOANS

Texas · Texas Insurance Code · Status: effective

Banking, Finance & Insurance
Get this as JSONEmbed this
Cite this
Citation
Tex. Insurance Code § 425.122, AUTHORIZED INVESTMENTS: PREMIUM LOANS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/677569
Permanent ID
ys:prov:677569@1
SHA-256
512f19edc0208e04e4c8a094cf6fedbbcd6913a693bfd5e104f7fe30476c147b

The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.

Full text

(a) Subject to Subsection (b), an insurance company may make loans to finance the payment of premiums for the company's own insurance policies or annuity contracts. (b) The amount of a loan under this section may not exceed the sum of: (1) the available cash value of the insurance policy or annuity contract for which the premium loan is made; and (2) the amount of any escrowed commissions payable relating to the insurance policy or annuity contract.