§ 425.008. AUTHORIZED INVESTMENTS FOR FOREIGN COMPANIES.

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TX Code › Code in › Chapter 425 › Section 425.008

This text was captured on Aug 14, 2026. It is a snapshot, not a live feed, so check the official code before relying on it.

Text

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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§ 425.008. AUTHORIZED INVESTMENTS FOR FOREIGN COMPANIES. · Tex. Insurance Code § 425.008 | Frix