{"data":{"id":"us-tx/tex.-insurance-code-887.357","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 887.357","heading":"INVESTMENT OF FUNDS.","body":"(a) An association may invest money from a mortuary fund only in securities and investments that are a legal investment for the reserve funds of a domestic life, accident, and health insurance company operating under Chapter 841.\n(b) An association may invest money from an expense fund only in securities and investments that are a legal investment for the surplus funds of a domestic life, accident, and health insurance company operating under Chapter 841.\n(c) An association may invest surplus funds belonging to the association only in securities that are a legal investment for the surplus funds of a domestic life, accident, and health insurance company operating under Chapter 841.\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 887. PROVISIONS APPLICABLE TO CERTAIN MUTUAL ASSESSMENT COMPANIES","SUBCHAPTER H. MORTUARY AND EXPENSE FUNDS"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.887.htm#887.357","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"53b7278feb943084fa88725754e47abf0083fc091cd64ad23c95ccba410b4c62","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-887.356","next":"us-tx/tex.-insurance-code-887.358"},"notice":"GroundRules: Original legal text. Not legal advice."}