Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 911.307 - Reserve Requirements(a) A farm mutual insurance company's board of directors may provide for the accumulation of reserve funds.(b) The company shall invest the reserve funds in the same type of securities in which the reserve funds of other fire insurance companies are required to be invested by law.Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. 6/1/2003.