# Tex. Insurance Code § 424.054: APPLICABILITY OF PERCENTAGE AUTHORIZATIONS AND LIMITATIONS

> Texas · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C424_S424.054

## Section

- **Citation:** Tex. Insurance Code § 424.054
- **Heading:** APPLICABILITY OF PERCENTAGE AUTHORIZATIONS AND LIMITATIONS
- **Jurisdiction:** Texas
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** TX Code / Code in / Chapter 424 / Section 424.054

## Text

(a) The percentage authorizations and limitations established by Sections 424.051, 424.053-424.071, and 424.074 apply only at the time an investment is originally acquired or a transaction is entered into and do not apply to the insurer or the investment or transaction after that time.

(b) An investment, once qualified under a law described by Subsection (a), remains qualified notwithstanding any refinancing, restructuring, or modification of the investment, except that an insurer may not refinance, restructure, or modify an investment solely to circumvent the requirements or limitations of a law described by Subsection (a).

## Nearby sections

- [Tex. Insurance Code § 424.001 § 424.001. DEFINITIONS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C424_S424.001.md)
- [Tex. Insurance Code § 424.002 § 424.002. INAPPLICABILITY OF CERTAIN LAW.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C424_S424.002.md)
- [Tex. Insurance Code § 424.051 § 424.051. GENERAL INVESTMENT AUTHORITY SPECIFIED BY LAW.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C424_S424.051.md)
- [Tex. Insurance Code § 424.052 § 424.052. ADDITIONAL GENERAL INVESTMENT AUTHORITY.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C424_S424.052.md)
- [Tex. Insurance Code § 424.053 § 424.053. LIMITATION AS TO SINGLE ISSUER OR BORROWER.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C424_S424.053.md)
- [Tex. Insurance Code § 424.054 § 424.054. APPLICABILITY OF PERCENTAGE AUTHORIZATIONS AND LIMITATIONS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C424_S424.054.md)
- [Tex. Insurance Code § 424.055 § 424.055. WAIVER BY COMMISSIONER OF QUANTITATIVE LIMITATIONS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C424_S424.055.md)
- [Tex. Insurance Code § 424.056 § 424.056. WRITTEN INVESTMENT PLAN.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C424_S424.056.md)
- [Tex. Insurance Code § 424.057 § 424.057. INVESTMENT RECORDS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C424_S424.057.md)
- [Tex. Insurance Code § 424.058 § 424.058.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C424_S424.058.md)
- [Tex. Insurance Code § 424.059 § 424.059.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C424_S424.059.md)
- [Tex. Insurance Code § 424.060 § 424.060.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C424_S424.060.md)
- [Tex. Insurance Code § 424.061 § 424.061.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C424_S424.061.md)
- [Tex. Insurance Code § 424.062 § 424.062.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C424_S424.062.md)

---

Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C424_S424.054. Check the current official text before relying on it. Not legal advice.