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Tex. Insurance Code § 424.059

AUTHORIZED INVESTMENTS: GOVERNMENT OBLIGATIONS

Texas · Texas Insurance Code · Status: effective

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Tex. Insurance Code § 424.059, AUTHORIZED INVESTMENTS: GOVERNMENT OBLIGATIONS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/677446
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An insurer may invest the insurer's funds in excess of minimum capital and surplus in a bond or other evidence of indebtedness of any state or of Canada or a province of Canada that: (1) is issued by the authority of law; and (2) at the time of purchase: (A) bears interest; and (B) is not in default as to principal or interest.