Sec. 424.154. CASH REQUIREMENTS. 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 (H.B. 2017), Sec. 1, eff. April 1, 2007.
Structure Texas Statutes
Title 4 - Regulation of Solvency
Subtitle B - Reserves and Investments
Chapter 424 - Investments for Certain Insurers
Subchapter D. Dollar Roll, Repurchase, Reverse Repurchase,
Section 424.152. Transactions Authorized
Section 424.153. Period of Transaction
Section 424.154. Cash Requirements
Section 424.155. Collateral Requirements