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Texas Statutes (Last Updated: January 4, 2014) |
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INSURANCE CODE |
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Title 4. REGULATION OF SOLVENCY |
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Subtitle B. RESERVES AND INVESTMENTS |
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Chapter 425. RESERVES AND INVESTMENTS FOR LIFE INSURANCE COMPANIES AND RELATED ENTITIES |
| Subchapter A. GENERAL PROVISIONS |
| § 425.001. SECURITIES IN AMOUNT OF RESERVES REQUIRED |
| § 425.002. CERTAIN INSURERS: DEPOSIT OF SECURITIES, MONEY, OR PROPERTY IN AMOUNT OF LEGAL RESERVES |
| § 425.003. CERTAIN INSURERS: REQUIRED DEPOSITS OF SECURITIES; ADDITIONAL DEPOSITS AND WITHDRAWALS |
| § 425.004. RECORDS OF SECURITIES DEPOSITED WITH DEPARTMENT; REPORT OF VALUE |
| § 425.005. DEPARTMENT DUTIES REGARDING DEPOSITED SECURITIES; INSURANCE COMPANY ACCESS |
| § 425.006. ADDITIONAL RESERVES REQUIRED: SUBSTANDARD OR EXTRA HAZARDOUS POLICIES |
| § 425.007. SUBSCRIPTION TO OR UNDERWRITING PURCHASE OR SALE OF SECURITIES OR PROPERTY PROHIBITED; CONTROL OF DISPOSITION OF PROPERTY |
| § 425.008. AUTHORIZED INVESTMENTS FOR FOREIGN COMPANIES |
| § 425.009. STUDENT LOANS |
| Subchapter B. STANDARD VALUATION LAW |
| § 425.051. SHORT TITLE |
| § 425.052. DEFINITIONS |
| § 425.053. ANNUAL VALUATION OF RESERVES |
| § 425.054. ACTUARIAL OPINION REQUIRED |
| § 425.055. SUPPORTING MEMORANDUM FOR ACTUARIAL OPINION |
| § 425.056. LIMITATION ON LIABILITY FOR ACTUARIAL OPINION |
| § 425.057. DISCIPLINARY ACTION: COMPANY OR PERSON CERTIFYING OPINION |
| § 425.058. VALUATION OF POLICY OR CONTRACT: GENERAL RULE |
| § 425.059. VALUATION OF CERTAIN ANNUITIES AND PURE ENDOWMENT CONTRACTS |
| § 425.060. APPLICABILITY OF CALENDAR YEAR STATUTORY VALUATION INTEREST RATES |
| § 425.061. COMPUTATION OF CALENDAR YEAR STATUTORY VALUATION INTEREST RATE: GENERAL RULE |
| § 425.062. WEIGHTING FACTORS |
| § 425.063. REFERENCE INTEREST RATE |
| § 425.064. COMMISSIONERS RESERVE VALUATION METHOD |
| § 425.065. COMMISSIONERS ANNUITY RESERVE VALUATION METHOD |
| § 425.066. MINIMUM AGGREGATE RESERVES |
| § 425.067. OPTIONAL RESERVE COMPUTATIONS |
| § 425.068. RESERVE COMPUTATION: GROSS PREMIUM CHARGED LESS THAN VALUATION NET PREMIUM |
| § 425.069. RESERVE COMPUTATION: INDETERMINATE PREMIUM PLANS AND CERTAIN OTHER PLANS |
| § 425.070. COMPUTATION OF RESERVE FOR CERTAIN POLICIES BY CALENDAR YEAR OF ISSUE |
| § 425.071. LAPSE RATES IN MINIMUM STANDARD OF VALUATION |
| Subchapter C. AUTHORIZED INVESTMENTS AND TRANSACTIONS FOR CAPITAL STOCK LIFE, HEALTH, AND ACCIDENT INSURERS |
| § 425.101. DEFINITIONS |
| § 425.102. INAPPLICABILITY OF CERTAIN LAW |
| § 425.103. APPLICABILITY OF SUBCHAPTER |
| § 425.104. PURPOSE |
| § 425.105. WRITTEN INVESTMENT PLAN |
| § 425.106. INVESTMENT RECORDS; DEMONSTRATION OF COMPLIANCE |
| § 425.107. COMMUNITY INVESTMENT REPORT |
| § 425.108. AUTHORIZED INVESTMENTS AND TRANSACTIONS IN GENERAL |
| § 425.109. AUTHORIZED INVESTMENTS: GOVERNMENT OBLIGATIONS |
| § 425.110. AUTHORIZED INVESTMENTS: OBLIGATIONS OF AND OTHER INVESTMENTS IN BUSINESS ENTITIES |
| § 425.111. AUTHORIZED INVESTMENTS: BONDS ISSUED, ASSUMED, OR GUARANTEED IN INTERNATIONAL MARKET |
| § 425.112. AUTHORIZED INVESTMENTS: POLICY LOANS |
| § 425.113. AUTHORIZED INVESTMENTS: DEPOSITS IN CERTAIN FINANCIAL INSTITUTIONS |
| § 425.114. AUTHORIZED INVESTMENTS: INSURANCE COMPANY INVESTMENT POOLS |
| § 425.115. AUTHORIZED INVESTMENTS: EQUITY INTERESTS |
| § 425.116. AUTHORIZED INVESTMENTS: PREFERRED STOCK |
| § 425.117. AUTHORIZED INVESTMENTS: COLLATERAL LOANS |
| § 425.118. AUTHORIZED INVESTMENTS: OBLIGATIONS SECURED BY REAL PROPERTY LOANS |
| § 425.119. AUTHORIZED INVESTMENTS: REAL PROPERTY |
| § 425.120. AUTHORIZED INVESTMENTS: OIL, GAS, AND MINERALS |
| § 425.121. AUTHORIZED INVESTMENTS: SECURITIES LENDING, REPURCHASE, REVERSE REPURCHASE, AND DOLLAR ROLL TRANSACTIONS |
| § 425.122. AUTHORIZED INVESTMENTS: PREMIUM LOANS |
| § 425.123. AUTHORIZED INVESTMENTS: MONEY MARKET FUNDS |
| § 425.124. AUTHORIZED INVESTMENTS: RISK CONTROL TRANSACTIONS |
| § 425.125. RISK CONTROL TRANSACTIONS: DEFINITIONS |
| § 425.126. RISK CONTROL TRANSACTIONS: DERIVATIVE USE PLAN |
| § 425.127. RISK CONTROL TRANSACTIONS: INTERNAL CONTROL PROCEDURES |
| § 425.128. RISK CONTROL TRANSACTIONS: OVERSIGHT BY COMMISSIONER |
| § 425.129. RISK CONTROL TRANSACTIONS: LIMITATIONS ON INCOME GENERATION TRANSACTIONS |
| § 425.130. RISK CONTROL TRANSACTIONS: LIMITATIONS ON REPLICATION TRANSACTIONS |
| § 425.131. RISK CONTROL TRANSACTIONS: TRADING REQUIREMENTS |
| § 425.132. RISK CONTROL TRANSACTIONS: OFFSETTING TRANSACTIONS |
| § 425.151. AUTHORIZED INVESTMENTS: FOREIGN COUNTRIES AND UNITED STATES TERRITORIES |
| § 425.152. AUTHORIZED INVESTMENTS: INVESTMENTS NOT OTHERWISE SPECIFIED OR PROHIBITED; INVESTMENTS AUTHORIZED BY OTHER LAW |
| § 425.153. AUTHORIZED INVESTMENTS: CERTAIN PREVIOUSLY AUTHORIZED INVESTMENTS |
| § 425.154. APPLICABILITY OF PERCENTAGE AUTHORIZATIONS AND LIMITATIONS |
| § 425.155. QUALIFICATION OF INVESTMENTS |
| § 425.156. DISTRIBUTIONS, REINSURANCE, AND MERGER |
| § 425.157. AGGREGATE DIVERSIFICATION REQUIREMENTS |
| § 425.158. WAIVER BY COMMISSIONER OF QUANTITATIVE LIMITATIONS |
| § 425.159. ACCOUNTING PROVISIONS |
| § 425.160. INVESTMENTS OF CEDING INSURERS |
| § 425.161. ACTING AS REAL ESTATE BROKER OR SALESPERSON PROHIBITED |
| § 425.162. RULES |
| Subchapter D. AUTHORIZED INVESTMENTS AND TRANSACTIONS FOR OTHER LIFE, HEALTH, AND ACCIDENT INSURERS |
| § 425.201. DEFINITION |
| § 425.202. APPLICABILITY OF SUBCHAPTER |
| § 425.203. LIMITATION ON FUNDS AND OTHER ASSETS |
| § 425.204. APPROVAL OF INVESTMENTS AND LOANS REQUIRED |
| § 425.205. AUTHORIZED INVESTMENTS FOR ALL FUNDS: GOVERNMENT BONDS |
| § 425.206. AUTHORIZED INVESTMENTS FOR ALL FUNDS: CORPORATE BONDS, NOTES, AND DEBENTURES |
| § 425.207. AUTHORIZED INVESTMENTS FOR ALL FUNDS: SHARES OF SAVINGS AND LOAN ASSOCIATIONS |
| § 425.208. AUTHORIZED INVESTMENTS FOR ALL FUNDS: BANK AND BANK HOLDING COMPANY STOCKS |
| § 425.209. AUTHORIZED INVESTMENTS FOR ALL FUNDS: DEBENTURES OF PUBLIC UTILITY CORPORATIONS |
| § 425.210. AUTHORIZED INVESTMENTS FOR ALL FUNDS: PREFERRED STOCK OF PUBLIC UTILITY CORPORATIONS |
| § 425.211. AUTHORIZED INVESTMENTS FOR ALL FUNDS: BONDS ISSUED, ASSUMED, OR GUARANTEED IN INTERNATIONAL MARKET |
| § 425.212. AUTHORIZED INVESTMENTS FOR ALL FUNDS: SECURITIES OR INVESTMENTS AUTHORIZED OR DESCRIBED BY SPECIFIC STATUTORY PROVISION |
| § 425.213. AUTHORIZED INVESTMENTS FOR ALL FUNDS: OTHER SECURITIES SPECIFICALLY AUTHORIZED BY LAW |
| § 425.214. AUTHORIZED INVESTMENTS FOR ALL FUNDS: LOANS SECURED BY REAL PROPERTY |
| § 425.215. AUTHORIZED INVESTMENTS FOR ALL FUNDS: LOANS SECURED BY CERTAIN COLLATERAL SECURED BY REAL PROPERTY |
| § 425.216. AUTHORIZED INVESTMENTS FOR ALL FUNDS: POLICY LOANS |
| § 425.217. AUTHORIZED INVESTMENTS FOR ALL FUNDS: LOANS SECURED BY CERTAIN SECURITIES |
| § 425.218. AUTHORIZED INVESTMENTS FOR ALL FUNDS: SECURITIES NOT OTHERWISE SPECIFIED |
| § 425.219. AUTHORIZED INVESTMENTS FOR POLICY RESERVES AND SURPLUS: BONDS OF CERTAIN WATER CONTROL AND IMPROVEMENT DISTRICTS |
| § 425.220. AUTHORIZED INVESTMENTS FOR CAPITAL, SURPLUS, AND CONTINGENCY FUNDS: CAPITAL STOCK, BONDS, AND OTHER CORPORATE OBLIGATIONS |
| § 425.221. AUTHORIZED INVESTMENTS FOR CAPITAL, SURPLUS, AND CONTINGENCY FUNDS: BONDS OR NOTES OF EDUCATIONAL OR RELIGIOUS CORPORATIONS |
| § 425.222. AUTHORIZED INVESTMENTS FOR CAPITAL, SURPLUS, AND CONTINGENCY FUNDS: LIFE INCOME INTERESTS IN QUALIFIED TRUSTS |
| § 425.223. AUTHORIZED INVESTMENTS FOR CAPITAL, SURPLUS, AND CONTINGENCY FUNDS: CAPITAL STOCK OF REINSURER |
| § 425.224. AUTHORIZED INVESTMENTS FOR CAPITAL, SURPLUS, AND CONTINGENCY FUNDS: LOANS SECURED BY CORPORATE STOCK |
| § 425.225. INVESTMENT IN FOREIGN SECURITIES |
| § 425.226. INVESTMENT IN STOCK SUBJECT TO ASSESSMENT PROHIBITED |
| § 425.227. CERTAIN INVESTMENT POWERS NOT A RESTRICTION |
| § 425.228. INVESTMENTS OF CEDING INSURER |
| § 425.229. AUTHORIZED INVESTMENTS: REAL ESTATE FOR INSURER'S OFFICES |
| § 425.230. AUTHORIZED INVESTMENTS: OIL, GAS, AND MINERALS |
| § 425.231. AUTHORIZED INVESTMENTS: REAL PROPERTY ACQUIRED UNDER CERTAIN CIRCUMSTANCES |
| § 425.232. AUTHORIZED INVESTMENTS: IMPROVED INCOME-PRODUCING REAL PROPERTY |