Section 882.252 - Investment of Money(a) A mutual life insurance company shall invest the company's money in accordance with the law governing investments of life, health, and accident insurance companies organized under Chapter 841.(b) An officer of a mutual life insurance company who does not invest the money of the company as required by Subsection (a) shall deposit the money in the name of the company in a bank that:(1) is subject to state or federal regulation; and(2) has been approved by the commissioner as a depository for that purpose.Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. 6/1/2003.