Texas Insurance Code

§ 424.201 — DEFINITIONS

IN § 424.201Title 4. REGULATION OF SOLVENCY · Part B. RESERVES AND INVESTMENTS · Ch. 424. INVESTMENTS FOR CERTAIN INSURERS · Art. E. RISK CONTROL TRANSACTIONS

Statute text

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In this subchapter:

(1)"Acceptable collateral" means:

(A)cash;

(B)cash equivalents;

(C)letters of credit and direct obligations; or

(D)securities that are fully guaranteed as to principal and interest by the United States.

…

Legislative history

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