Tex. Insurance Code § 425.213
This is the official text of Tex. Insurance Code § 425.213, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 425.213.
Official statutory text
Sec. 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.
(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.
Status: in_force · Read it on the official government site
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