Sec. 424.109.  DESIGNATION OF POOL MANAGER; QUALIFICATIONS.  (a)  The pooling agreement for an investment pool must designate a pool manager.
(b)  The pool manager must be organized under the laws of the United States or a state and must be:
(1)  the investing insurer, an affiliated insurer, or a business entity affiliated with the insurer;
(2)  a qualified bank;
(3)  a business entity registered under the Investment Advisers Act of 1940 (15 U.S.C. Section 80b-1 et seq.), as amended;
(4)  the attorney-in-fact of a reciprocal or interinsurance exchange;  or
(5)  the United States manager or an affiliate or subsidiary of the United States manager of a United States branch of an alien insurer.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.