{"data":{"id":"us-tx/tex.-insurance-code-424.059","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 424.059","heading":"AUTHORIZED INVESTMENTS: GOVERNMENT OBLIGATIONS.","body":"An insurer may invest the insurer's funds in excess of minimum capital and surplus in a bond or other evidence of indebtedness of any state or of Canada or a province of Canada that:\n(1) is issued by the authority of law; and\n(2) at the time of purchase:\n(A) bears interest; and\n(B) is not in default as to principal or interest.\nAdded by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.","path":["INSURANCE CODE","TITLE 4. REGULATION OF SOLVENCY","SUBTITLE B. RESERVES AND INVESTMENTS","CHAPTER 424. INVESTMENTS FOR CERTAIN INSURERS","SUBCHAPTER B. INVESTMENT OF FUNDS IN EXCESS OF MINIMUM CAPITAL AND SURPLUS"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.424.htm#424.059","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"8de7e6738b079fde891cbc02de218824c0c5e9aab94113f82095915f72408641","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-424.058","next":"us-tx/tex.-insurance-code-424.060"},"notice":"GroundRules: Original legal text. Not legal advice."}