Tex. Insurance Code § 911.307
This is the official text of Tex. Insurance Code § 911.307, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 911.307. RESERVE REQUIREMENTS.
Official statutory text
(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.
(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.
Status: in_force · Read it on the official government site
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