Texas Insurance Code - Section 424.067. Authorized Investments: Transportation Equipment
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§ 424.067. AUTHORIZED INVESTMENTS: TRANSPORTATION
EQUIPMENT. An insurer may invest the insurer's funds in excess of
minimum capital and surplus in:
(1) an adequately secured equipment trust obligation,
certificate, or other instrument evidencing an interest in
transportation equipment wholly or partly located in the United
States; and
(2) a right to receive determined portions of rental,
purchase, or other fixed obligatory payments for the use or
purchase of the equipment.
Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007.
Section: 424.060 424.061 424.062 424.063 424.064 424.065 424.066 424.067 424.068 424.069 424.070 424.071 424.072 424.073 424.074
Last modified: August 10, 2007
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