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Current as of January 01, 2024 | Updated by Findlaw Staff
A foreign company shall invest the company's assets in:
(1) securities or property of the same classes in which the law of this state permits a domestic insurance company to invest; or
(2) securities permitted by other law of this state and approved by the commissioner as being of substantially the same grade as securities or property in which a domestic insurance company is permitted to invest.
Cite this article: FindLaw.com - Texas Insurance Code - INS § 425.008. Authorized Investments for Foreign Companies - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-425-008/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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