28 Tex. Admin. Code § 5.6410 - Investments
(a) The board of trustees shall maintain
responsibility for all money collected or disbursed from the group.
(b) The board shall annually adopt a written
investment plan consistent with the requirements for the investments authorized
under Insurance Code Article 2.10 and §822.204 for minimum capital and surplus
and reserves. The investment plan shall meet the requirements of Insurance Code
Article 2.10(a).
(c) With the prior
written approval of the Commissioner, a group may invest up to 5% of its assets
in a manner other than that authorized under this section.
(d) The group shall hold all investments in
accordance with Texas Insurance Code Article 21.39B.
Notes
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