Gavvy: Ins. Code, Sec. 841.406. Investment of Certain Surplus by Organizing Company.

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Sec. 841.406. Investment of Certain Surplus by Organizing Company.

Sec. 841.406. INVESTMENT OF CERTAIN SURPLUS BY ORGANIZING COMPANY. If the company that organizes a limited purpose subsidiary life insurance company is a domestic life insurance company, the organizing company may invest funds from the organizing company's surplus in the limited purpose subsidiary life insurance company.

Added by Acts 2011, 82nd Leg., R.S., Ch. 1173 (H.B. 3161), Sec. 1, eff. June 17, 2011.

Gavvy last updated this database on: Sep 6, 2024