Section 424.074 - Other Specifically Authorized Investments An insurer may invest the insurer's funds in excess of minimum capital and surplus in:
(1) a savings account as authorized by Chapter 65, Finance Code;(2) a bond or other indebtedness as authorized by Sections 435.045 and 435.046, Government Code;(3) a bond issued under Subchapter B, Chapter 1505, Government Code;(4) a bond as authorized by Subchapter B, Chapter 284, Transportation Code;(5) a municipal bond issued under Sections 51.038 and 51.039, Water Code;(6) an insured account or evidence of indebtedness as authorized by Section 1, Chapter 160, General Laws, Acts of the 43rd Legislature, Regular Session, 1933 (Article 842a, Vernon's Texas Civil Statutes);(7) an insured or guaranteed obligation as authorized by Chapter 230, Acts of the 49th Legislature, Regular Session, 1945 (Article 842a-1, Vernon's Texas Civil Statutes);(8) a bond issued under Section 1, Chapter 1, page 427, General Laws, Acts of the 46th Legislature, Regular Session, 1939 (Article 1269k-1, Vernon's Texas Civil Statutes);(9) a bond as authorized by Section 24, Chapter 110, Acts of the 51st Legislature, Regular Session, 1949 (Article 8280-133, Vernon's Texas Civil Statutes);(10) a bond as authorized by Section 19, Chapter 340, Acts of the 51st Legislature, Regular Session, 1949 (Article 8280-137, Vernon's Texas Civil Statutes);(11) a bond as authorized by Section 10, Chapter 398, Acts of the 51st Legislature, Regular Session, 1949 (Article 8280-138, Vernon's Texas Civil Statutes);(12) a bond as authorized by Section 18, Chapter 465, Acts of the 51st Legislature, Regular Session, 1949 (Article 8280-139, Vernon's Texas Civil Statutes); or(13) another investment specifically authorized by law.Added by Acts 2005, 79th Leg., Ch. 727, Sec. 1, eff. 4/1/2007.