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.
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