Sec. 228.154.  CERTIFIED CAPITAL NOT INVESTED IN QUALIFIED INVESTMENTS.  A certified capital company shall invest any certified capital not invested in qualified investments only in:
(1)  cash deposited with a federally insured financial institution;
(2)  certificates of deposit in a federally insured financial institution;
(3)  investment securities that are:
(A)  obligations of the United States or agencies or instrumentalities of the United States; or
(B)  obligations that are guaranteed fully as to principal and interest by the United States;
(4)  debt instruments rated at least "A" or the equivalent by a nationally recognized credit rating organization, or issued by, or guaranteed with respect to payment by, an entity whose unsecured indebtedness is rated at least "A" or the equivalent by a nationally recognized credit rating organization, and which indebtedness is not subordinated to other unsecured indebtedness of the issuer or the guarantor;
(5)  obligations of this state or a municipality or political subdivision of this state; or
(6)  any other investment approved in advance in writing by the comptroller.
Added by Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 1B.001, eff. April 1, 2009.