Section 425.226. Investment in Stock Subject to Assessment Prohibited

TX Ins Code § 425.226 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

Sec. 425.226. INVESTMENT IN STOCK SUBJECT TO ASSESSMENT PROHIBITED. An insurer may not invest any of the insurer's funds in a stock, the holder or owner of which is or may become liable for any assessment other than taxes.

Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.