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Texas Insurance Code - INS § 425.159. Accounting Provisions

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) Each insurance company shall maintain reasonable, adequate, and accurate evidence of the company's ownership of the company's assets and investments.

(b) An insurance company shall evidence the company's ownership of governmental or corporate securities as provided by Sections 423.101, 423.102, 423.104(a), 423.105, 423.106, 423.107, and 423.108.

(c) An insurance company shall hold investments, other than investments made as a participation in a partnership or joint venture, only in the company's own name or as otherwise provided by Chapter 423.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 425.159. Accounting Provisions - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-425-159/

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