Texas § 425.208 AUTHORIZED INVESTMENTS FOR ALL FUNDS: BANK AND BANK HOLDING COMPANY STOCKS.

Texas Statutes

§ 425.208 — AUTHORIZED INVESTMENTS FOR ALL FUNDS: BANK AND BANK HOLDING COMPANY STOCKS.

Texas § 425.208

Code INInsurance Code

This text of Texas § 425.208 (AUTHORIZED INVESTMENTS FOR ALL FUNDS: BANK AND BANK HOLDING COMPANY STOCKS.) 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. § 425.208 (2026).

Text

Sec. 425.208. AUTHORIZED INVESTMENTS FOR ALL FUNDS: BANK AND BANK HOLDING COMPANY STOCKS.

(a)Subject to this section, an insurer may invest any of the insurer's funds and accumulations in:

(1)the stock of a state or national bank that is a member of the Federal Deposit Insurance Corporation; and

(2)the stock of a bank holding company as defined by the Bank Holding Company Act of 1956 (12 U.S.C. Section 1841 et seq.), as amended by the Bank Holding Company Act Amendments of 1970 (12 U.S.C. Section 1841 et seq. and Section 1971 et seq.).

(b)An insurer's investment in the stock of a bank or bank holding company may not exceed:

(1)20 percent of the total outstanding shares of the stock of the bank or bank holding company; or

(2)10 percent of the insurer's admitted assets.

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 425.208. AUTHORIZED INVESTMENTS FOR ALL FUNDS: BANK AND BANK HOLDING COMPANY STOCKS. (a) Subject to this section, an insurer may invest any of the insurer's funds and accumulations in:
(1) the stock of a state or national bank that is a member of the Federal Deposit Insurance Corporation; and
(2) the stock of a bank holding company as defined by the Bank Holding Company Act of 1956 (12 U.S.C. Section 1841 et seq.), as amended by the Bank Holding Company Act Amendments of 1970 (12 U.S.C. Section 1841 et seq. and Section 1971 et seq.).
(b) An insurer's investment in the stock of a bank or bank holding company may not exceed:
(1) 20 percent of the total outstanding shares of the stock of the bank or bank holding company; or
(2) 10 percent of the insurer's admitted assets.