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Tex. Ins. Code § 424.067

AUTHORIZED INVESTMENTS: TRANSPORTATION EQUIPMENT

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

An insurer may invest the insurer's funds in excess of minimum capital and surplus in:

(1) an adequately secured equipment trust obligation, certificate, or other instrument evidencing an interest in transportation equipment wholly or partly located in the United States; and

(2) a right to receive determined portions of rental, purchase, or other fixed obligatory payments for the use or purchase of the equipment.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.