Texas Insurance Code 425.211 – Authorized Investments for All Funds: Bonds Issued, Assumed, or Guaranteed in International Market
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Terms Used In Texas Insurance Code 425.211
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
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.