Texas § IN.424.053 - LIMITATION AS TO SINGLE ISSUER OR BORROWER
Full text of Texas The Texas Constitution § IN.424.053 — LIMITATION AS TO SINGLE ISSUER OR BORROWER, with citation guidance and answers to common questions.
§ IN.424.053. LIMITATION AS TO SINGLE ISSUER OR BORROWER
LIMITATION AS TO SINGLE ISSUER OR BORROWER. (a) Notwithstanding Sections 424.051 , 424.056-424.071, and 424.074 , the aggregate amount of an insurer's investments in all or any type of securities, loans, obligations, or evidences of indebtedness of a single issuer or borrower, other than investments described by Subsection (c), may not exceed five percent of the insurer's total assets. (b) For purposes of this section, a single issuer or borrower includes: (1) the issuer's or borrower's majority-owned subsidiaries; (2) the issuer's or borrower's parent; or (3) the majority-owned subsidiaries of the issuer's or borrower's parent. (c) This section does not apply to: (1) an authorized investment that: (A) is a direct obligation of or guaranteed by the full faith and credit of the United States, this state, or a political subdivision of this state; or (B) is insured by an agency of the United States or this state; or (2) an investment described by Section 424.061 or 424.063 . Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 1, eff. April 1, 2007.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § IN.424.053
What does The Texas Constitution § IN.424.053 cover?
Section IN.424.053 ("LIMITATION AS TO SINGLE ISSUER OR BORROWER") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § IN.424.053?
A common citation format is "The Texas Constitution § IN.424.053" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § IN.424.053 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.