Sec. 424.067. AUTHORIZED INVESTMENTS: TRANSPORTATION EQUIPMENT

Latest version.

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.

Added by Acts 2005, 79th Leg., Ch. 727 , Sec. 1, eff. April 1, 2007.

                    
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