{"data":{"id":"us-tx/tex.-insurance-code-424.063","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 424.063","heading":"AUTHORIZED INVESTMENTS: MUTUAL FUNDS.","body":"An insurer may invest the insurer's funds in excess of minimum capital and surplus in shares of a mutual fund engaged in business under the Investment Company Act of 1940 (15 U.S.C. Section 80a-1 et seq.), as amended, if:\n(1) the mutual fund is solvent and has at least $1 million of net assets as of the date of the mutual fund's latest annual or more recent certified audited financial statement; and\n(2) the amount of the insurer's investment in a single mutual fund does not exceed 15 percent of the insurer's capital and surplus.\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#424.063","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"ebf486b9be0f749ab9187874176edd8e33488bf11d376d32b424012801f5489b","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-424.062","next":"us-tx/tex.-insurance-code-424.064"},"notice":"GroundRules: Original legal text. Not legal advice."}