Texas Insurance Code - Section 425.111. Authorized Investments: Bonds Issued, Assumed, Or Guaranteed In International Market
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§ 425.111. AUTHORIZED INVESTMENTS: BONDS ISSUED,
ASSUMED, OR GUARANTEED IN INTERNATIONAL MARKET. (a) Subject to
this section, an insurance company may invest in bonds issued,
assumed, or guaranteed by:
(1) the Inter-American Development Bank;
(2) the International Bank for Reconstruction and
Development (the World Bank);
(3) the Asian Development Bank;
(4) the State of Israel;
(5) the African Development Bank; and
(6) the International Finance Corporation.
(b) An insurance company's investments in the bonds of a
single entity under this section may not exceed 20 percent of the
company's capital and surplus.
(c) The aggregate of all investments made by an insurance
company under this section may not exceed 20 percent of the
company's assets.
Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007.
Section: 425.104 425.105 425.106 425.107 425.108 425.109 425.110 425.111 425.112 425.113 425.114 425.115 425.116 425.117 425.118
Last modified: August 11, 2007
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