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Texas Insurance Code - Section 424.074. Other Specifically Authorized Investments

Legal Research Home > Texas Lawyer > Insurance Code > Texas Insurance Code - Section 424.074. Other Specifically Authorized Investments

§ 424.074.  OTHER SPECIFICALLY AUTHORIZED 
INVESTMENTS.  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;       
		(4)  a bond as authorized by Subchapter B, Chapter 284, 
Transportation Code;
		(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.                    

Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007.           

Last modified: August 10, 2007