Tex. Ins. Code § 228.154 · Subchapter D. INVESTMENT BY CERTIFIED CAPITAL COMPANIES
CERTIFIED CAPITAL NOT INVESTED IN QUALIFIED INVESTMENTS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
A certified capital company shall invest any certified capital not invested in qualified investments only in:
(1) cash deposited with a federally insured financial institution;
(2) certificates of deposit in a federally insured financial institution;
(3) investment securities that are:
(A) obligations of the United States or agencies or instrumentalities of the United States; or
(B) obligations that are guaranteed fully as to principal and interest by the United States;
(4) debt instruments rated at least "A" or the equivalent by a nationally recognized credit rating organization, or issued by, or guaranteed with respect to payment by, an entity whose unsecured indebtedness is rated at least "A" or the equivalent by a nationally recognized credit rating organization, and which indebtedness is not subordinated to other unsecured indebtedness of the issuer or the guarantor;
(5) obligations of this state or a municipality or political subdivision of this state; or
(6) any other investment approved in advance in writing by the comptroller.
Notes and commentary — not statutory text
History
Added by Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 1B.001, eff. April 1, 2009.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.228.htm
- Text hash
- sha256 fd57c0091601cca322f5ec49f9c198ca1e4d3d414cdce5de721dd4fe7b86dd02
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Cited by 1 provision
Provisions in this library whose text cites Tex. Ins. Code § 228.154. Each shows the citation as that text prints it.
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.