Tex. Ins. Code § 425.213

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 425.213 - Authorized Investments for All Funds: Other Securities Specifically Authorized By Law

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.

Tex. Ins. Code § 425.213

Added by Acts 2005, 79th Leg., Ch. 727, Sec. 1, eff. 4/1/2007.