Sec. 424.052. ADDITIONAL GENERAL INVESTMENT AUTHORITY

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An insurer may make investments that are not otherwise authorized by this chapter or otherwise authorized by this code for the insurer if:
(1) the investment is not specifically prohibited by law and does not exceed the limits prescribed by this code;
(2) the amount of a single investment under this section does not exceed five percent of the insurer's capital and surplus in excess of the insurer's minimum capital and surplus; and
(3) the aggregate amount of all investments made by the insurer under this section does not exceed five percent of the insurer's assets.

Added by Acts 2005, 79th Leg., Ch. 727 , Sec. 1, eff. April 1, 2007.

                    
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