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Texas Insurance Code - INS § 228.155. Computation of Amount of Investments

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) The aggregate cumulative amount of all qualified investments made by a certified capital company after the company's allocation date shall be considered in the computation of the percentage requirements under this subchapter.

(b) A certified capital company may invest proceeds received from a qualified investment in another qualified investment, and that investment counts toward any requirement of this chapter with respect to investments of certified capital.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 228.155. Computation of Amount of Investments - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-228-155/

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