Texas § 424.069 AUTHORIZED INVESTMENTS: CERTAIN LOANS.

Texas Statutes

§ 424.069 — AUTHORIZED INVESTMENTS: CERTAIN LOANS.

Texas § 424.069

Code INInsurance Code

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Bluebook

Tex. Insurance Code Code Ann. § 424.069 (2026).

Text

Sec. 424.069. AUTHORIZED INVESTMENTS: CERTAIN LOANS. An insurer may invest the insurer's funds in excess of minimum capital and surplus in a loan on the pledge of any mortgage, stock, bond, or other evidence of indebtedness acceptable as an investment under Sections 424.051 , 424.053-424.071, and 424.074 , if the current value of the mortgage, stock, bond, or other evidence of indebtedness is at least 25 percent more than the amount of the loan.

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Sec. 424.069. AUTHORIZED INVESTMENTS: CERTAIN LOANS. An insurer may invest the insurer's funds in excess of minimum capital and surplus in a loan on the pledge of any mortgage, stock, bond, or other evidence of indebtedness acceptable as an investment under Sections 424.051 , 424.053-424.071, and 424.074 , if the current value of the mortgage, stock, bond, or other evidence of indebtedness is at least 25 percent more than the amount of the loan.