# Tex. Insurance Code § 425.005: DEPARTMENT DUTIES REGARDING DEPOSITED SECURITIES; INSURANCE COMPANY ACCESS

> Texas · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C425_S425.005

## Section

- **Citation:** Tex. Insurance Code § 425.005
- **Heading:** DEPARTMENT DUTIES REGARDING DEPOSITED SECURITIES; INSURANCE COMPANY ACCESS
- **Jurisdiction:** Texas
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** TX Code / Code in / Chapter 425 / Section 425.005

## Text

(a) The department shall keep securities deposited by a life insurance company under Sections 425.002 and 425.003 in a secure safe-deposit, fireproof box or vault in the municipality of, or a municipality near the location of, the company's home office.

(b) The life insurance company's officers may, in accordance with reasonable rules adopted by the commissioner, have access to the securities to detach interest coupons, credit payment, and exchange securities as provided by Section 425.003.

## Nearby sections

- [Tex. Insurance Code § 425.001 § 425.001. SECURITIES IN AMOUNT OF RESERVES REQUIRED.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C425_S425.001.md)
- [Tex. Insurance Code § 425.002 § 425.002.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C425_S425.002.md)
- [Tex. Insurance Code § 425.003 § 425.003.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C425_S425.003.md)
- [Tex. Insurance Code § 425.004 § 425.004. RECORDS OF SECURITIES DEPOSITED WITH DEPARTMENT; REPORT OF VALUE.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C425_S425.004.md)
- [Tex. Insurance Code § 425.005 § 425.005. DEPARTMENT DUTIES REGARDING DEPOSITED SECURITIES; INSURANCE COMPANY ACCESS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C425_S425.005.md)
- [Tex. Insurance Code § 425.006 § 425.006.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C425_S425.006.md)
- [Tex. Insurance Code § 425.007 § 425.007. SUBSCRIPTION TO OR UNDERWRITING PURCHASE OR SALE OF SECURITIES OR PROPERTY PROHIBITED; CONTROL OF DISPOSITION OF PROPERTY.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C425_S425.007.md)
- [Tex. Insurance Code § 425.008 § 425.008. AUTHORIZED INVESTMENTS FOR FOREIGN COMPANIES.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C425_S425.008.md)
- [Tex. Insurance Code § 425.009 § 425.009. STUDENT LOANS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C425_S425.009.md)
- [Tex. Insurance Code § 425.051 § 425.051. SHORT TITLE.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C425_S425.051.md)
- [Tex. Insurance Code § 425.052 § 425.052. DEFINITIONS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C425_S425.052.md)
- [Tex. Insurance Code § 425.053 § 425.053. ANNUAL VALUATION OF RESERVES FOR POLICIES AND CONTRACTS ISSUED BEFORE OPERATIVE DATE OF VALUATION MANUAL.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C425_S425.053.md)
- [Tex. Insurance Code § 425.054 § 425.054. ACTUARIAL OPINION OF RESERVES ISSUED BEFORE OPERATIVE DATE OF VALUATION MANUAL.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C425_S425.054.md)
- [Tex. Insurance Code § 425.055 § 425.055. SUPPORTING MEMORANDUM FOR ACTUARIAL OPINION.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C425_S425.055.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C425_S425.005. Check the current official text before relying on it. Not legal advice.