Texas § IN.425.005 - DEPARTMENT DUTIES REGARDING DEPOSITED SECURITIES

Full text of Texas The Texas Constitution § IN.425.005 — DEPARTMENT DUTIES REGARDING DEPOSITED SECURITIES, with citation guidance and answers to common questions.

§ IN.425.005. DEPARTMENT DUTIES REGARDING DEPOSITED SECURITIES

DEPARTMENT DUTIES REGARDING DEPOSITED SECURITIES; INSURANCE COMPANY ACCESS. (a) The department shall keep securities deposited by a life insurance company under Sections 425.002 and 425.003 in a secure safe-deposit, fireproof box or vault in the municipality of, or a municipality near the location of, the company's home office. (b) The life insurance company's officers may, in accordance with reasonable rules adopted by the commissioner, have access to the securities to detach interest coupons, credit payment, and exchange securities as provided by Section 425.003 . 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

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Frequently Asked Questions About Texas § IN.425.005

What does The Texas Constitution § IN.425.005 cover?

Section IN.425.005 ("DEPARTMENT DUTIES REGARDING DEPOSITED SECURITIES") 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.425.005?

A common citation format is "The Texas Constitution § IN.425.005" (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.425.005 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.