Gavvy: Ins. Code, Sec. 2551.259. Statutory Premium Reserve and Supplemental Reserve Fund.

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Sec. 2551.259. Statutory Premium Reserve and Supplemental Reserve Fund.

Sec. 2551.259. STATUTORY PREMIUM RESERVE AND SUPPLEMENTAL RESERVE FUND. The statutory premium reserve and supplemental reserve fund shall be:

(1) held in cash; or

(2) invested in first mortgage notes or other securities admissible for investment by title insurers under Section 2551.151.

Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005.

Gavvy last updated this database on: Sep 6, 2024