Sec. 427.051. LOAN OR ADVANCE PERMITTED

Latest version.

An insurer or health maintenance organization may obtain a loan or an advance, repayable with interest, of:
(1) cash;
(2) cash equivalents; or
(3) other assets that have a readily determinable value and are satisfactory to the commissioner.

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

                    
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