{"data":{"id":"us-tx/tex.-insurance-code-228.154","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 228.154","heading":"CERTIFIED CAPITAL NOT INVESTED IN QUALIFIED INVESTMENTS.","body":"A certified capital company shall invest any certified capital not invested in qualified investments only in:\n(1) cash deposited with a federally insured financial institution;\n(2) certificates of deposit in a federally insured financial institution;\n(3) investment securities that are:\n(A) obligations of the United States or agencies or instrumentalities of the United States; or\n(B) obligations that are guaranteed fully as to principal and interest by the United States;\n(4) debt instruments rated at least \"A\" or the equivalent by a nationally recognized credit rating organization, or issued by, or guaranteed with respect to payment by, an entity whose unsecured indebtedness is rated at least \"A\" or the equivalent by a nationally recognized credit rating organization, and which indebtedness is not subordinated to other unsecured indebtedness of the issuer or the guarantor;\n(5) obligations of this state or a municipality or political subdivision of this state; or\n(6) any other investment approved in advance in writing by the comptroller.\nAdded by Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 1B.001, eff. April 1, 2009.","path":["INSURANCE CODE","TITLE 3. DEPARTMENT FUNDS, FEES, SURCHARGES, AND TAXES","SUBTITLE B. INSURANCE PREMIUM TAXES","CHAPTER 228. PREMIUM TAX CREDIT FOR CERTAIN INVESTMENTS","SUBCHAPTER D. INVESTMENT BY CERTIFIED CAPITAL COMPANIES"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.228.htm#228.154","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"c2702efc64813c4d9f5210cc31ffe72900f2428b229eeaedadcdb941a16101ac","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-228.153","next":"us-tx/tex.-insurance-code-228.155"},"notice":"GroundRules: Original legal text. Not legal advice."}