Tex. Ins. Code Section 2204.102
Investments in Member or Agent

(a)

The commissioner by rule may establish limitations on investments in a member.

(b)

An investment, directly or indirectly, in a member by an agent transacting business on the exchange or in an agent transacting business on the exchange by a member is limited in the aggregate to:

(1)

less than 20 percent of the total investment in the member or agent; or

(2)

a lesser amount provided by a rule adopted by the commissioner.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.

Source: Section 2204.102 — Investments in Member or Agent, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­2204.­htm#2204.­102 (accessed Jun. 5, 2024).

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Accessed:
Jun. 5, 2024

§ 2204.102’s source at texas​.gov