(a) Subject to this section, an insurance company may invest in a collateral loan secured by:
(1) a first lien on an asset; or
(2) a valid and perfected first security interest in an asset.
(b) The amount of a loan invested in under this section may not exceed 80 percent of the value of the collateral asset at any time during the duration of the loan.
(c) The asset used as collateral for a loan under this section must be an asset, other than real property described by Section 425.119, in which the insurance company is authorized by this subchapter to directly invest.