Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Insurance Code § 423.105: MANDATORY DEPOSIT OF SECURITIES; COMMISSIONER CONTROL.

Where this section sits in the code

INSURANCE CODE
TITLE 4. REGULATION OF SOLVENCY
SUBTITLE B. RESERVES AND INVESTMENTS
CHAPTER 423. TRANSACTIONS WITH MONEY AND OTHER ASSETS
SUBCHAPTER C. TRANSACTIONS WITH OTHER ASSETS

(a) An insurer that is required to deposit securities as a condition of engaging in the business of insurance in this state may deposit the securities with a clearing corporation or in the Federal Reserve book-entry system.

(b) Securities under Subsection (a) are under the commissioner's control and may not be withdrawn by the insurer without the commissioner's approval.

Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.

Collected 2026-08-27T01:47:21Z. Source file · JSON

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