Tex. Ins. Code § 424.067 · Subchapter B. INVESTMENT OF FUNDS IN EXCESS OF MINIMUM CAPITAL AND SURPLUS
AUTHORIZED INVESTMENTS: TRANSPORTATION EQUIPMENT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
An insurer may invest the insurer's funds in excess of minimum capital and surplus in:
(1) an adequately secured equipment trust obligation, certificate, or other instrument evidencing an interest in transportation equipment wholly or partly located in the United States; and
(2) a right to receive determined portions of rental, purchase, or other fixed obligatory payments for the use or purchase of the equipment.
Notes and commentary — not statutory text
History
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.424.htm
- Text hash
- sha256 171aa5db2e0c5376984c6170273e4c22112327b8a9ae6e4e9f168c4fa17b31d2
- 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
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.