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.
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