Texas Insurance Code

§ 424.154 — CASH REQUIREMENTS

IN § 424.154Title 4. REGULATION OF SOLVENCY · Part B. RESERVES AND INVESTMENTS · Ch. 424. INVESTMENTS FOR CERTAIN INSURERS · Art. D. DOLLAR ROLL, REPURCHASE, REVERSE REPURCHASE,

Statute text

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With respect to cash received in a transaction under this subchapter, an insurer shall:

(1)invest the cash in accordance with this subchapter and in a manner that recognizes the liquidity needs of the transaction; or

(2)use the cash for the insurer's general corporate purposes.

Legislative history

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