{"data":{"id":"us-tx/tex.-insurance-code-882.252","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 882.252","heading":"INVESTMENT OF MONEY.","body":"(a) A mutual life insurance company shall invest the company's money in accordance with the law governing investments of life, health, and accident insurance companies organized under Chapter 841.\n(b) An officer of a mutual life insurance company who does not invest the money of the company as required by Subsection (a) shall deposit the money in the name of the company in a bank that:\n(1) is subject to state or federal regulation; and\n(2) has been approved by the commissioner as a depository for that purpose.\nAdded by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.","path":["INSURANCE CODE","TITLE 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES","SUBTITLE E. MUTUAL AND FRATERNAL COMPANIES AND RELATED ENTITIES","CHAPTER 882. MUTUAL LIFE INSURANCE COMPANIES","SUBCHAPTER F. GENERAL FINANCIAL REQUIREMENTS"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.882.htm#882.252","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"7d8b0b34981200c097fa6aed1fabafdc1b229c70d07858c156a6f307b9e746fa","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-882.251","next":"us-tx/tex.-insurance-code-882.253"},"notice":"GroundRules: Original legal text. Not legal advice."}