Texas Insurance Code
§ 425.205 — AUTHORIZED INVESTMENTS FOR ALL FUNDS: GOVERNMENT BONDS
IN § 425.205Title 4. REGULATION OF SOLVENCY · Part B. RESERVES AND INVESTMENTS · Ch. 425. RESERVES AND INVESTMENTS FOR LIFE INSURANCE · Art. D. AUTHORIZED INVESTMENTS AND TRANSACTIONS FOR OTHER LIFE, HEALTH, AND ACCIDENT INSURERS
Statute text
View on source(a)Subject to this section, an insurer may invest any of the insurer's funds and accumulations in:
(1)a bond, treasury bill, note, or certificate of indebtedness of the United States or any other obligation or security fully guaranteed as to principal and interest by the full faith and credit of the United States;
(2)a bond of Canada or a province or municipality of Canada;
(3)a bond of a state, county, or municipality of the United States;
(4)a bond or interest-bearing warrant issued by a county, municipality, school district, or other subdivision that is:
(A)organized under the laws of a state of the United States; and
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Legislative history
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.