HB 112, 30th R.S.
Relating to requiring all incorporated stock or mutual companies doing a life insurance business within the State of Texas, to invest at least 75 percent of the reserve set apart for the final payment of policies issued in this State in Texas securities and Texas property, or in the bonds of the United States or any State of the United States, and to define Texas securities and the property in which such investments may be made, and to keeping the securities in which such reserve is invested deposited in the vaults of the Treasury of this State of Texas for the security of Texas policy holders.
Author: James Harvey Robertson
Session Law Chapter:
Acts 1907, 30th R.S.,ch. 170, General Laws of Texas
Subjects:
Insurance--Life & Annuities
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