Tex. Insurance Code § 425.228
INVESTMENTS OF CEDING INSURER
Texas · Texas Insurance Code · Status: effective
Cite this
- Citation
- Tex. Insurance Code § 425.228, INVESTMENTS OF CEDING INSURER, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/677622
- Permanent ID
ys:prov:677622@1- SHA-256
2819d29bc8d403ce596332bc9b9ed2a2efee101e5dd5fc075e7caf4746e72940
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 this section, if a domestic insurer assumes the business and takes over the assets of another domestic or a foreign insurer, all investments of the ceding insurer that were authorized, when made, by the laws of the state in which the ceding insurer was organized as proper securities for investment of the funds of an insurer and that are taken over by the assuming insurer are considered to be valid securities of the assuming insurer under the laws of this state.
(b) The commissioner must approve investments described by Subsection (a) and the terms on which those investments are taken over. The commissioner may require the assuming insurer to dispose of any of the investments on notice the commissioner considers reasonable.