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Texas Insurance Code - Section 424.072. Authorized Investments: Bonds Issued, Assumed, Or Guaranteed In International Market

Legal Research Home > Texas Lawyer > Insurance Code > Texas Insurance Code - Section 424.072. Authorized Investments: Bonds Issued, Assumed, Or Guaranteed In International Market

§ 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.           

Last modified: August 11, 2007