Tex. Insurance Code § 228.151
This is the official text of Tex. Insurance Code § 228.151, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 228.151. REQUIRED SCHEDULE OF INVESTMENT.
Official statutory text
(a) Before the third anniversary of a certified capital company's allocation date, the company must make qualified investments in an amount cumulatively equal to at least 30 percent of the company's certified capital, subject to Section 228.153(b).
(b) Before the fifth anniversary of a certified capital company's allocation date, the company must make qualified investments in an amount cumulatively equal to at least 50 percent of the company's certified capital, subject to Sections 228.152(b) and 228.153(b).
(b) Before the fifth anniversary of a certified capital company's allocation date, the company must make qualified investments in an amount cumulatively equal to at least 50 percent of the company's certified capital, subject to Sections 228.152(b) and 228.153(b).
Status: in_force · Read it on the official government site
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