Tex. Ins. Code § 423.108 · Subchapter C. TRANSACTIONS WITH OTHER ASSETS
LIMITATION ON ASSETS DEPOSITED WITH CLEARING CORPORATION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
The commissioner by rule may adopt a reasonable limit on the percentage of a domestic insurer's assets that may be deposited with a clearing corporation. The limit may not exceed five percent of the insurer's total assets, as shown by the insurer's annual statement filed with the department for the year preceding the year for which the limit is adopted.
Notes and commentary — not statutory text
History
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.423.htm
- Text hash
- sha256 f618673b7b77a2b5311ed52345773e3db7db29a27b06673813997302a0930adc
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Cited by 1 provision
Provisions in this library whose text cites Tex. Ins. Code § 423.108. Each shows the citation as that text prints it.
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