# Tex. Insurance Code § 424.055: WAIVER BY COMMISSIONER OF QUANTITATIVE LIMITATIONS

> Texas · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C424_S424.055

## Section

- **Citation:** Tex. Insurance Code § 424.055
- **Heading:** WAIVER BY COMMISSIONER OF QUANTITATIVE 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 424.055

## Text

(a) Notwithstanding Sections 424.051, 424.056-424.071, and 424.074, the commissioner may waive a quantitative limitation on any investment authorized by those laws if:

(1) the insurer seeks the waiver before making the investment;

(2) a hearing is held to determine whether the waiver should be granted;

(3) the applicant seeking the waiver establishes that unreasonable or unnecessary loss or harm will result to the insurer if the commissioner denies the waiver;

(4) the excess investment will not have a material adverse effect on the insurer; and

(5) the size of the investment is reasonable in relation to the insurer's assets, capital, surplus, and liabilities.

(b) The commissioner's waiver must be in writing and may treat the resulting excess investment as a nonadmitted asset.

## 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)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C424_S424.055. Check the current official text before relying on it. Not legal advice.