Authorized Investments For All Funds: Bonds Issued, Assumed, Or Guaranteed In International Market

Sec. 425.211. AUTHORIZED INVESTMENTS FOR ALL FUNDS: BONDS ISSUED, ASSUMED, OR GUARANTEED IN INTERNATIONAL MARKET. An insurer may invest any of the insurer's funds and accumulations in bonds issued, assumed, or guaranteed by: (1) the Inter-American Development Bank; (2) the International Bank for Reconstruction and Development (the World Bank); (3) the African Development Bank; (4) the Asian Development Bank; (5) the International Finance Corporation; and (6) the State of Israel. Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.