Sec. 424.154. CASH REQUIREMENTS

Latest version.

With respect to cash received in a transaction under this subchapter, an insurer shall:
(1) invest the cash in accordance with this subchapter and in a manner that recognizes the liquidity needs of the transaction; or
(2) use the cash for the insurer's general corporate purposes.

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

                    
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