Texas Insurance Code - INS § 422.002. Purposes

(1) require an insurer to maintain unencumbered assets in an amount equal to the insurer's policy reserve liabilities;

(2) provide preferential claims against assets in favor of an owner, beneficiary, assignee, certificate holder, or third-party beneficiary of an insurance policy;  and

(3) prevent the pledge or encumbrance of assets in excess of certain amounts without a prior written order of the commissioner.