Insurance Code › Title 4 › Chapter 424 › Subchapter D

Texas Insurance Code § 424.154

Cash Requirements

Investments for Certain Insurers · Dollar Roll, Repurchase, Reverse Repurchase, and Securities Lending Transactions

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.

Official text of the Texas Insurance Code as published by the Texas Legislative Council.

Official source
Legislative history

Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.