Tex. Ins. Code § 424.154

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 424.154 - Cash Requirements

With respect to cash received in a transaction under this subchapter, an insurer shall:

(1) invest the cash in accordance with this subchapter and in a manner that recognizes the liquidity needs of the transaction; or

(2) use the cash for the insurer's general corporate purposes.

Tex. Ins. Code § 424.154

Added by Acts 2005, 79th Leg., Ch. 727, Sec. 1, eff. 4/1/2007.