Texas § 228.151 REQUIRED SCHEDULE OF INVESTMENT.

Texas Statutes

§ 228.151 — REQUIRED SCHEDULE OF INVESTMENT.

Texas § 228.151

Code INInsurance Code

This text of Texas § 228.151 (REQUIRED SCHEDULE OF INVESTMENT.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Insurance Code Code Ann. § 228.151 (2026).

Text

Sec. 228.151. REQUIRED SCHEDULE OF INVESTMENT.

(a)Before the third anniversary of a certified capital company's allocation date, the company must make qualified investments in an amount cumulatively equal to at least 30 percent of the company's certified capital, subject to Section 228.153 (b).

(b)Before the fifth anniversary of a certified capital company's allocation date, the company must make qualified investments in an amount cumulatively equal to at least 50 percent of the company's certified capital, subject to Sections 228.152 (b) and 228.153 (b).

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 228.151. REQUIRED SCHEDULE OF INVESTMENT. (a) Before the third anniversary of a certified capital company's allocation date, the company must make qualified investments in an amount cumulatively equal to at least 30 percent of the company's certified capital, subject to Section 228.153 (b).
(b) Before the fifth anniversary of a certified capital company's allocation date, the company must make qualified investments in an amount cumulatively equal to at least 50 percent of the company's certified capital, subject to Sections 228.152 (b) and 228.153 (b).