§ 425.008. AUTHORIZED INVESTMENTS FOR FOREIGN COMPANIES.
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TX Code › Code in › Chapter 425 › Section 425.008
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A foreign company shall invest the company's assets in:
(1) securities or property of the same classes in which the law of this state permits a domestic insurance company to invest; or
(2) securities permitted by other law of this state and approved by the commissioner as being of substantially the same grade as securities or property in which a domestic insurance company is permitted to invest.
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