Tex. Insurance Code § 228.155
This is the official text of Tex. Insurance Code § 228.155, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 228.155. COMPUTATION OF AMOUNT OF INVESTMENTS.
Official statutory text
(a) The aggregate cumulative amount of all qualified investments made by a certified capital company after the company's allocation date shall be considered in the computation of the percentage requirements under this subchapter.
(b) A certified capital company may invest proceeds received from a qualified investment in another qualified investment, and that investment counts toward any requirement of this chapter with respect to investments of certified capital.
(b) A certified capital company may invest proceeds received from a qualified investment in another qualified investment, and that investment counts toward any requirement of this chapter with respect to investments of certified capital.
Status: in_force · Read it on the official government site
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