Texas § 425.159 ACCOUNTING PROVISIONS.

Texas Statutes

§ 425.159 — ACCOUNTING PROVISIONS.

Texas § 425.159

Code INInsurance Code

This text of Texas § 425.159 (ACCOUNTING PROVISIONS.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Insurance Code Code Ann. § 425.159 (2026).

Text

Sec. 425.159. ACCOUNTING PROVISIONS.

(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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Sec. 425.159. ACCOUNTING PROVISIONS. (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 .