Tex. Ins. Code § 424.072 · Subchapter B. INVESTMENT OF FUNDS IN EXCESS OF MINIMUM CAPITAL AND SURPLUS
AUTHORIZED INVESTMENTS: BONDS ISSUED, ASSUMED, OR GUARANTEED IN INTERNATIONAL MARKET.
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 bonds issued, assumed, or guaranteed by any of the following international financial institutions in which the United States is a member:
(1) the Inter-American Development Bank;
(2) the International Bank for Reconstruction and Development (the World Bank);
(3) the African Development Bank;
(4) the Asian Development Bank; or
(5) the International Finance Corporation.
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 b785b4dd7589e4171ee75e3164271022f052ef7a7ca182eba630c65aabdcbc02
- 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 10 provisions
Provisions in this library whose text cites Tex. Ins. Code § 424.072. Each shows the citation as that text prints it.
Insurance Code
- Tex. Ins. Code § 822.056SHARES OF STOCK WITHOUT PAR VALUE.Printed as Section 424.052, 424.072, or 424.073
- Tex. Ins. Code § 822.158DETERMINATION ON APPLICATION FOR CHARTER AMENDMENT.Printed as Sections 424.052, 424.072, and 424.073
- Tex. Ins. Code § 861.251MINIMUM CAPITAL AND SURPLUS.Printed as Section 424.052, 424.072, or 424.073
- Tex. Ins. Code § 883.202REQUIRED DEPOSIT FOR COMPANIES WRITING BONDS.Printed as Section 424.052, 424.072, or 424.073
- Tex. Ins. Code § 911.001LIMITED EXEMPTION FROM INSURANCE LAWS; APPLICABILITY OF CERTAIN LAWS.Printed as Section 424.052, 424.072, or 424.073
- Tex. Ins. Code § 911.308SURPLUS REQUIREMENTS.Printed as Sections 424.052, 424.072, and 424.073
- Tex. Ins. Code § 912.002LIMITED EXEMPTION FROM INSURANCE LAWS; APPLICABILITY OF CERTAIN LAWS.Printed as Sections 424.052, 424.072, and 424.073
- Tex. Ins. Code § 941.204AUTHORIZED INVESTMENTS.Printed as Sections 424.052, 424.072, and 424.073
- Tex. Ins. Code § 942.155FINANCIAL REQUIREMENTS.Printed as Sections 424.052, 424.072, and 424.073
- Tex. Ins. Code § 942.156ISSUANCE OF FIDELITY AND SURETY BOND INSURANCE; DEPOSIT REQUIRED.Printed as Sections 424.052, 424.072, and 424.073
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.