Texas Insurance Code

§ 424.113 — INVESTMENT POOL RECORDS

IN § 424.113Title 4. REGULATION OF SOLVENCY · Part B. RESERVES AND INVESTMENTS · Ch. 424. INVESTMENTS FOR CERTAIN INSURERS · Art. C. INVESTMENT POOLS

Statute text

View on source

The pool manager shall compile and maintain:

(1)detailed accounting records that show:

(A)the cash receipts and disbursements reflecting each pool participant's proportionate investment in the investment pool; and

(B)a complete description of all the pool's underlying assets, including the amount, interest rate, and maturity date, if any, of each of those assets and other appropriate designations; and

(2)other records that, on a daily basis, allow third parties to verify each participant's investment in the pool.

Legislative history

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