Tex. Insurance Code § 425.213
AUTHORIZED INVESTMENTS FOR ALL FUNDS: OTHER SECURITIES SPECIFICALLY AUTHORIZED BY LAW
Texas · Texas Insurance Code · Status: effective
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- Citation
- Tex. Insurance Code § 425.213, AUTHORIZED INVESTMENTS FOR ALL FUNDS: OTHER SECURITIES SPECIFICALLY AUTHORIZED BY LAW, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/677607
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Full text
An insurer may invest any of the insurer's funds and accumulations in:
(1) an adequately secured equipment trust obligation or certificate or another adequately secured instrument evidencing:
(A) an interest in transportation equipment that is located wholly or partly within the United States; and
(B) a right to receive determined portions of rental, purchase, or other fixed obligatory payments for the use or purchase of the transportation equipment; and
(2) any other security as specifically authorized by law.