Sec. 1501.308. SYSTEM NOTES AS LEGAL INVESTMENT FOR SMALL EMPLOYER HEALTH BENEFIT PLAN ISSUER. A note or other evidence of indebtedness of the system that is not in default is a legal investment for a small employer health benefit plan issuer and may be carried as an admitted asset. Added by Acts 2003, 78th Leg., ch. 1274, Sec. 3, eff. April 1, 2005.
System Notes As Legal Investment For Small Employer Health Benefit Plan Issuer
Tex. Insurance Code § 1501.308, under Chapter 1501.
Tex. Insurance Code § 1501.308