Texas § 424.067 AUTHORIZED INVESTMENTS: TRANSPORTATION EQUIPMENT.

Texas Statutes

§ 424.067 — AUTHORIZED INVESTMENTS: TRANSPORTATION EQUIPMENT.

Texas § 424.067

Code INInsurance Code

This text of Texas § 424.067 (AUTHORIZED INVESTMENTS: TRANSPORTATION EQUIPMENT.) 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. § 424.067 (2026).

Text

Sec. 424.067. AUTHORIZED INVESTMENTS: TRANSPORTATION EQUIPMENT. An insurer may invest the insurer's funds in excess of minimum capital and surplus in:

(1)an adequately secured equipment trust obligation, certificate, or other instrument evidencing an interest in transportation equipment wholly or partly located in the United States; and

(2)a right to receive determined portions of rental, purchase, or other fixed obligatory payments for the use or purchase of the equipment.

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Sec. 424.067. AUTHORIZED INVESTMENTS: TRANSPORTATION EQUIPMENT. An insurer may invest the insurer's funds in excess of minimum capital and surplus in:
(1) an adequately secured equipment trust obligation, certificate, or other instrument evidencing an interest in transportation equipment wholly or partly located in the United States; and
(2) a right to receive determined portions of rental, purchase, or other fixed obligatory payments for the use or purchase of the equipment.