Texas § 228.154 CERTIFIED CAPITAL NOT INVESTED IN QUALIFIED INVESTMENTS.

Texas Statutes

§ 228.154 — CERTIFIED CAPITAL NOT INVESTED IN QUALIFIED INVESTMENTS.

Texas § 228.154

Code INInsurance Code

This text of Texas § 228.154 (CERTIFIED CAPITAL NOT INVESTED IN QUALIFIED INVESTMENTS.) 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. § 228.154 (2026).

Text

Sec. 228.154. CERTIFIED CAPITAL NOT INVESTED IN QUALIFIED INVESTMENTS. A certified capital company shall invest any certified capital not invested in qualified investments only in:

(1)cash deposited with a federally insured financial institution;

(2)certificates of deposit in a federally insured financial institution;

(3)investment securities that are:

(A)obligations of the United States or agencies or instrumentalities of the United States; or

(B)obligations that are guaranteed fully as to principal and interest by the United States;

(4)debt instruments rated at least "A" or the equivalent by a nationally recognized credit rating organization, or issued by, or guaranteed with respect to payment by, an entity whose unsecured indebtedness is rated at least "A" or the equivalent by a n

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Sec. 228.154. CERTIFIED CAPITAL NOT INVESTED IN QUALIFIED INVESTMENTS. A certified capital company shall invest any certified capital not invested in qualified investments only in:
(1) cash deposited with a federally insured financial institution;
(2) certificates of deposit in a federally insured financial institution;
(3) investment securities that are:
(A) obligations of the United States or agencies or instrumentalities of the United States; or
(B) obligations that are guaranteed fully as to principal and interest by the United States;
(4) debt instruments rated at least "A" or the equivalent by a nationally recognized credit rating organization, or issued by, or guaranteed with respect to payment by, an entity whose unsecured indebtedness is rated at least "A" or the equivalent by a nationally recognized credit rating organization, and which indebtedness is not subordinated to other unsecured indebtedness of the issuer or the guarantor;
(5) obligations of this state or a municipality or political subdivision of this state; or
(6) any other investment approved in advance in writing by the comptroller.