Sec. 423.051.  DEPOSIT AND INVESTMENT OF MONEY.  A director, member of a committee, officer, or clerk of a domestic insurer who has the duty to handle or invest the insurer's money may not:
(1)  invest the money other than in the corporate name of the insurer, except as provided by Section 423.102;
(2)  deposit the money unless the deposit is:
(A)  in the corporate name of the insurer;
(B)  in a pooling account with one or more affiliates, as described by Section 823.003; or
(C)  in accordance with a reinsurance agreement;
(3)  borrow the insurer's money;
(4)  have any interest in a loan, pledge, security, or property of the insurer, except as a stockholder; or
(5)  take or receive for the individual's use a fee, brokerage, commission, gift, or other consideration for, or on account of, a loan made by or on behalf of the insurer.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.