Insurance Code § 425.117
An insurance company may invest in a collateral loan if it is secured by a first lien or valid first security interest, but the loan amount cannot exceed 80% of the collateral asset’s value.
- Jurisdiction
- United States — Texas
- Instrument
- Code
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- Undated source snapshot
- Language
- en
- Official source
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authorized investments collateral loans
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Insurance Code § 425.117
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