Texas § 2204.102 INVESTMENTS IN MEMBER OR AGENT.

Texas Statutes

§ 2204.102 — INVESTMENTS IN MEMBER OR AGENT.

Texas § 2204.102

Code INInsurance Code

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Bluebook

Tex. Insurance Code Code Ann. § 2204.102 (2026).

Text

Sec. 2204.102. INVESTMENTS IN MEMBER OR AGENT.

(a)The commissioner by rule may establish limitations on investments in a member.

(b)An investment, directly or indirectly, in a member by an agent transacting business on the exchange or in an agent transacting business on the exchange by a member is limited in the aggregate to:

(1)less than 20 percent of the total investment in the member or agent; or

(2)a lesser amount provided by a rule adopted by the commissioner.

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Sec. 2204.102. INVESTMENTS IN MEMBER OR AGENT. (a) The commissioner by rule may establish limitations on investments in a member.
(b) An investment, directly or indirectly, in a member by an agent transacting business on the exchange or in an agent transacting business on the exchange by a member is limited in the aggregate to:
(1) less than 20 percent of the total investment in the member or agent; or
(2) a lesser amount provided by a rule adopted by the commissioner.