Texas § IN.425.159 - ACCOUNTING PROVISIONS

Full text of Texas The Texas Constitution § IN.425.159 — ACCOUNTING PROVISIONS, with citation guidance and answers to common questions.

§ IN.425.159. ACCOUNTING PROVISIONS

ACCOUNTING PROVISIONS. (a) Each insurance company shall maintain reasonable, adequate, and accurate evidence of the company's ownership of the company's assets and investments. (b) An insurance company shall evidence the company's ownership of governmental or corporate securities as provided by Sections 423.101 , 423.102 , 423.104 (a), 423.105 , 423.106 , 423.107 , and 423.108 . (c) An insurance company shall hold investments, other than investments made as a participation in a partnership or joint venture, only in the company's own name or as otherwise provided by Chapter 423 . Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 1, eff. April 1, 2007.

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Frequently Asked Questions About Texas § IN.425.159

What does The Texas Constitution § IN.425.159 cover?

Section IN.425.159 ("ACCOUNTING PROVISIONS") 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.425.159?

A common citation format is "The Texas Constitution § IN.425.159" (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.425.159 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.