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Current as of January 01, 2024 | Updated by FindLaw Staff
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 1;
(4) a bond as authorized by Subchapter B, Chapter 284, Transportation Code 2;
(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.
Cite this article: FindLaw.com - Texas Insurance Code - INS § 424.074. Other Specifically Authorized Investments - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-424-074/
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