28 Tex. Admin. Code § 5.4113

Current through Reg. 49, No. 49; December 6, 2024
Section 5.4113 - Investments of Catastrophe Reserve Trust Fund
(a) Subject to Insurance Code § 2210.4521, the money in the CRTF may only be invested in investments as authorized by Government Code § 404.024 and § 404.106, and as amended.
(b) The association does not have authority to direct investments or money in the CRTF .
(c) All earnings and losses from the investment of funds in the CRTF must be credited to or charged against the CRTF . Investment income on money in the CRTF must be maintained as part of the funds in the CRTF .
(d) CRTF funds may be intermingled with other funds held by the trust company for the purposes of common investment and operational efficiency.

28 Tex. Admin. Code § 5.4113

The provisions of this §5.4113 adopted to be effective February 3, 2011, 36 TexReg 551; Amended by Texas Register, Volume 44, Number 19, May 10, 2019, TexReg 2361, eff. 5/16/2019