Insurance Code § 424.063
An insurer may invest excess funds in certain mutual fund shares if the fund is solvent, has at least $1 million in net assets, and the insurer keeps each investment at or below 15% of its capital and surplus.
- Jurisdiction
- United States — Texas
- Instrument
- Code
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- Undated source snapshot
- Language
- en
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authorized investments capital and surplus mutual funds
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Insurance Code § 424.063
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