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Texas Insurance Code - INS § 425.213. Authorized Investments for All Funds:  Other Securities Specifically Authorized by Law

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

An insurer may invest any of the insurer's funds and accumulations in:

(1) an adequately secured equipment trust obligation or certificate or another adequately secured instrument evidencing:

(A) an interest in transportation equipment that is located wholly or partly within the United States;  and

(B) a right to receive determined portions of rental, purchase, or other fixed obligatory payments for the use or purchase of the transportation equipment;  and

(2) any other security as specifically authorized by law.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 425.213. Authorized Investments for All Funds:  Other Securities Specifically Authorized by Law - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-425-213/

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