Texas Insurance Code

§ 228.154 — CERTIFIED CAPITAL NOT INVESTED IN QUALIFIED INVESTMENTS

IN § 228.154Title 3. DEPARTMENT FUNDS, FEES, SURCHARGES, AND TAXES · Part B. INSURANCE PREMIUM TAXES · Ch. 228. PREMIUM TAX CREDIT FOR CERTAIN INVESTMENTS · Art. D. INVESTMENT BY CERTIFIED CAPITAL COMPANIES

Statute text

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A certified capital company shall invest any certified capital not invested in qualified investments only in:

(1)cash deposited with a federally insured financial institution;

(2)certificates of deposit in a federally insured financial institution;

(3)investment securities that are:

(A)obligations of the United States or agencies or instrumentalities of the United States; or

(B)obligations that are guaranteed fully as to principal and interest by the United States;

…

Legislative history

Added by Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 1B.001, eff. April 1, 2009.