Tex. Insurance Code § 228.154
This is the official text of Tex. Insurance Code § 228.154, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 228.154. CERTIFIED CAPITAL NOT INVESTED IN QUALIFIED INVESTMENTS.
Official statutory text
A certified capital company shall invest any certified capital not invested in qualified investments only in:
(1) cash deposited with a federally insured financial institution;
(2) certificates of deposit in a federally insured financial institution;
(3) investment securities that are:
(A) obligations of the United States or agencies or instrumentalities of the United States; or
(B) obligations that are guaranteed fully as to principal and interest by the United States;
(4) debt instruments rated at least "A" or the equivalent by a nationally recognized credit rating organization, or issued by, or guaranteed with respect to payment by, an entity whose unsecured indebtedness is rated at least "A" or the equivalent by a nationally recognized credit rating organization, and which indebtedness is not subordinated to other unsecured indebtedness of the issuer or the guarantor;
(5) obligations of this state or a municipality or political subdivision of this state; or
(6) any other investment approved in advance in writing by the comptroller.
(1) cash deposited with a federally insured financial institution;
(2) certificates of deposit in a federally insured financial institution;
(3) investment securities that are:
(A) obligations of the United States or agencies or instrumentalities of the United States; or
(B) obligations that are guaranteed fully as to principal and interest by the United States;
(4) debt instruments rated at least "A" or the equivalent by a nationally recognized credit rating organization, or issued by, or guaranteed with respect to payment by, an entity whose unsecured indebtedness is rated at least "A" or the equivalent by a nationally recognized credit rating organization, and which indebtedness is not subordinated to other unsecured indebtedness of the issuer or the guarantor;
(5) obligations of this state or a municipality or political subdivision of this state; or
(6) any other investment approved in advance in writing by the comptroller.
Status: in_force · Read it on the official government site
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