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Texas Insurance Code - Section 424.154. Cash Requirements

Legal Research Home > Texas Lawyer > Insurance Code > Texas Insurance Code - Section 424.154. Cash Requirements

§ 424.154. CASH REQUIREMENTS.  With respect to cash 
received in a transaction under this subchapter, an insurer shall:
		(1)  invest the cash in accordance with this subchapter 
and in a manner that recognizes the liquidity needs of the 
transaction;  or
		(2)  use the cash for the insurer's general corporate 
purposes.             

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

Last modified: August 10, 2007