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HB 112, 30th Regular Session
Relating to requiring all incorporated stock or mutual companies doing a life insurance business within the State of Texas, to invest a part of the reserve set apart on account and for the final payment of policies of insurance written on the lives of citizens of Texas, in Texas or other 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 require that a part of the securities in which such reserve is invested be kept on deposit in the vaults of the Treasury of this State, or in National Banks or State Banks or Trust Companies in Texas, designated as depositories for the security of policy holders.
Session Law Chapter:
Acts 1907, 30th R.S.,ch. 170, General Laws of Texas
Insurance--Life & Annuities
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