Texas Insurance Code - Section 424.072. Authorized Investments: Bonds Issued, Assumed, Or Guaranteed In International Market
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§ 424.072. AUTHORIZED INVESTMENTS: BONDS ISSUED,
ASSUMED, OR GUARANTEED IN INTERNATIONAL MARKET. An insurer may
invest the insurer's funds in excess of minimum capital and surplus
in bonds issued, assumed, or guaranteed by any of the following
international financial institutions in which the United States is
a member:
(1) the Inter-American Development Bank;
(2) the International Bank for Reconstruction and
Development (the World Bank);
(3) the African Development Bank;
(4) the Asian Development Bank; or
(5) the International Finance Corporation.
Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007.
Section: 424.065 424.066 424.067 424.068 424.069 424.070 424.071 424.072 424.073 424.074 424.101 424.102 424.103 424.104 424.105
Last modified: August 10, 2007
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