{"data":{"id":"us-tx/tex.-insurance-code-423.107","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 423.107","heading":"ASSETS DEPOSITED WITH CLEARING CORPORATION.","body":"A domestic insurer may deposit assets with a clearing corporation only if:\n(1) the insurer is a member of an insurance holding company system that has assets of at least $5 billion, as shown by annual statements of member insurers for the preceding year;\n(2) the insurer uses the clearing corporation only as a depository for investments in internationally traded securities;\n(3) the insurer's total investment in internationally traded securities under Subdivision (2) does not exceed the insurer's policyholders' surplus; and\n(4) the insurer does not use securities deposited with the clearing corporation as security for reinsurance.\nAdded by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.","path":["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"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.423.htm#423.107","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"43d24c86386b8a887ef4228542bc1a74ba5fd2818f383d8a7fdfc8582ae6c519","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-423.106","next":"us-tx/tex.-insurance-code-423.108"},"notice":"GroundRules: Original legal text. Not legal advice."}