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Tex. Ins. Code § 424.154

CASH REQUIREMENTS

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

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