Sec. 911.307. RESERVE REQUIREMENTS. (a) A farm mutual insurance company's board of directors may provide for the accumulation of reserve funds.
(b) The company shall invest the reserve funds in the same type of securities in which the reserve funds of other fire insurance companies are required to be invested by law.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Structure Texas Statutes
Title 6 - Organization of Insurers and Related Entities
Subtitle F - Farm and County Mutual Insurance Companies
Chapter 911 - Farm Mutual Insurance Companies
Subchapter G. Regulation of Farm Mutual Insurance Company; Financial Requirements
Section 911.301. General Operating Requirements
Section 911.302. Location of Business
Section 911.304. Annual Reports Required
Section 911.305. Examination of Company
Section 911.306. Solvency Requirements