Texas § IN.424.055 - WAIVER BY COMMISSIONER OF QUANTITATIVE LIMITATIONS
Full text of Texas The Texas Constitution § IN.424.055 — WAIVER BY COMMISSIONER OF QUANTITATIVE LIMITATIONS, with citation guidance and answers to common questions.
§ IN.424.055. WAIVER BY COMMISSIONER OF QUANTITATIVE LIMITATIONS
WAIVER BY COMMISSIONER OF QUANTITATIVE LIMITATIONS. (a) Notwithstanding Sections 424.051 , 424.056-424.071, and 424.074 , the commissioner may waive a quantitative limitation on any investment authorized by those laws if: (1) the insurer seeks the waiver before making the investment; (2) a hearing is held to determine whether the waiver should be granted; (3) the applicant seeking the waiver establishes that unreasonable or unnecessary loss or harm will result to the insurer if the commissioner denies the waiver; (4) the excess investment will not have a material adverse effect on the insurer; and (5) the size of the investment is reasonable in relation to the insurer's assets, capital, surplus, and liabilities. (b) The commissioner's waiver must be in writing and may treat the resulting excess investment as a nonadmitted asset. 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.424.055
What does The Texas Constitution § IN.424.055 cover?
Section IN.424.055 ("WAIVER BY COMMISSIONER OF QUANTITATIVE LIMITATIONS") 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.424.055?
A common citation format is "The Texas Constitution § IN.424.055" (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.424.055 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.