Tex. Ins. Code § 424.074 · Subchapter B. INVESTMENT OF FUNDS IN EXCESS OF MINIMUM CAPITAL AND SURPLUS
OTHER SPECIFICALLY AUTHORIZED INVESTMENTS.
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) a savings account as authorized by Chapter 65, Finance Code;
(2) a bond or other indebtedness as authorized by Sections 435.045 and 435.046, Government Code;
(3) a bond issued under Subchapter B, Chapter 1505, Government Code;
(4) a bond as authorized by Subchapter B, Chapter 284, Transportation Code;
(5) a municipal bond issued under Sections 51.038 and 51.039, Water Code;
(6) an insured account or evidence of indebtedness as authorized by Section 1, Chapter 160, General Laws, Acts of the 43rd Legislature, Regular Session, 1933 (Article 842a, Vernon's Texas Civil Statutes);
(7) an insured or guaranteed obligation as authorized by Chapter 230, Acts of the 49th Legislature, Regular Session, 1945 (Article 842a-1, Vernon's Texas Civil Statutes);
(8) a bond issued under Section 1, Chapter 1, page 427, General Laws, Acts of the 46th Legislature, Regular Session, 1939 (Article 1269k-1, Vernon's Texas Civil Statutes);
(9) a bond as authorized by Section 24, Chapter 110, Acts of the 51st Legislature, Regular Session, 1949 (Article 8280-133, Vernon's Texas Civil Statutes);
(10) a bond as authorized by Section 19, Chapter 340, Acts of the 51st Legislature, Regular Session, 1949 (Article 8280-137, Vernon's Texas Civil Statutes);
(11) a bond as authorized by Section 10, Chapter 398, Acts of the 51st Legislature, Regular Session, 1949 (Article 8280-138, Vernon's Texas Civil Statutes);
(12) a bond as authorized by Section 18, Chapter 465, Acts of the 51st Legislature, Regular Session, 1949 (Article 8280-139, Vernon's Texas Civil Statutes); or
(13) another investment specifically authorized by law.
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 ce3a598dc1302eb2250c8eefada0a8985fb1b573ded60c9f911c428f65ff5660
- 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
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Transportation Code
Water Code
Vernon's Civil Statutes
- Tex. Rev. Civ. Stat. art. 842aSECURITIES ISSUED BY FEDERAL AGENCIES; TEXAS SECURITIES; INVESTMENTS.Printed as Article 842a, Vernon's Texas Civil Statutes
- Tex. Rev. Civ. Stat. art. 842a-1OBLIGATIONS WHOLLY OR PARTLY INSURED BY UNITED STATES OR STATE, INVESTMENT IN.Printed as Article 842a-1, Vernon's Texas Civil Statutes
- Tex. Rev. Civ. Stat. art. 1269k-1BONDS OR OTHER OBLIGATIONS OF HOUSING AUTHORITIES AS LEGAL INVESTMENTS AND SECURITY.Printed as Article 1269k-1, Vernon's Texas Civil Statutes
Cited by 7 provisions
Provisions in this library whose text cites Tex. Ins. Code § 424.074. Each shows the citation as that text prints it.
Insurance Code
- Tex. Ins. Code § 424.053LIMITATION AS TO SINGLE ISSUER OR BORROWER.Printed as Sections 424.051, 424.056-424.071, and 424.074
- Tex. Ins. Code § 424.054APPLICABILITY OF PERCENTAGE AUTHORIZATIONS AND LIMITATIONS.Printed as Sections 424.051, 424.053-424.071, and 424.074
- Tex. Ins. Code § 424.055WAIVER BY COMMISSIONER OF QUANTITATIVE LIMITATIONS.Printed as Sections 424.051, 424.056-424.071, and 424.074
- Tex. Ins. Code § 424.065ACTING AS REAL ESTATE BROKER OR SALESPERSON PROHIBITED.Printed as Sections 424.051, 424.053-424.071, and 424.074
- Tex. Ins. Code § 424.068AUTHORIZED INVESTMENTS: INVESTMENT IN FOREIGN JURISDICTION.Printed as Sections 424.051, 424.058-424.071, and 424.074
- Tex. Ins. Code § 424.069AUTHORIZED INVESTMENTS: CERTAIN LOANS.Printed as Sections 424.051, 424.053-424.071, and 424.074
- Tex. Ins. Code § 424.073AUTHORIZED INVESTMENTS: INSURER ENGAGED IN BUSINESS IN FOREIGN COUNTRY.Printed as Sections 424.051, 424.053-424.071, and 424.074
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.