Texas § IN.964.061 - INVESTMENTS

Full text of Texas The Texas Constitution § IN.964.061 — INVESTMENTS, with citation guidance and answers to common questions.

§ IN.964.061. INVESTMENTS

INVESTMENTS. (a) A captive insurance company is not subject to a restriction on allowable investments, except as provided by this section. (b) A captive insurance company may make loans to its affiliates with the prior approval of the commissioner. Each loan must be evidenced by a note approved by the commissioner. A captive insurance company may not make a loan of the minimum capital and surplus funds, or the equivalent, required by this chapter. (c) The commissioner may prohibit or limit an investment that threatens the solvency or liquidity of a captive insurance company. Added by Acts 2013, 83rd Leg., R.S., Ch. 569 (S.B. 734 ), Sec. 2, eff. June 14, 2013. Amended by: Acts 2017, 85th Leg., R.S., Ch. 1050 (H.B. 1944 ), Sec. 1.11, eff. June 15, 2017.

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Frequently Asked Questions About Texas § IN.964.061

What does The Texas Constitution § IN.964.061 cover?

Section IN.964.061 ("INVESTMENTS") 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.964.061?

A common citation format is "The Texas Constitution § IN.964.061" (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.964.061 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.