Texas Insurance Code

§ 424.074 — OTHER SPECIFICALLY AUTHORIZED INVESTMENTS

IN § 424.074Title 4. REGULATION OF SOLVENCY · Part B. RESERVES AND INVESTMENTS · Ch. 424. INVESTMENTS FOR CERTAIN INSURERS · Art. B. INVESTMENT OF FUNDS IN EXCESS

Statute text

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An insurer may invest the insurer's funds in excess of minimum capital and surplus in:

(1)a savings account as authorized by Chapter 65, Finance Code;

(2)a bond or other indebtedness as authorized by Sections 435.045 and 435.046, Government Code;

(3)a bond issued under Subchapter B, Chapter 1505, Government Code;

(4)a bond as authorized by Subchapter B, Chapter 284, Transportation Code;

(5)a municipal bond issued under Sections 51.038 and 51.039, Water Code;

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Legislative history

Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.