Texas Insurance Code - INS § 423.107. Assets Deposited with Clearing Corporation

(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;

(2) the insurer uses the clearing corporation only as a depository for investments in internationally traded securities;

(3) the insurer's total investment in internationally traded securities under Subdivision (2) does not exceed the insurer's policyholders' surplus;  and

(4) the insurer does not use securities deposited with the clearing corporation as security for reinsurance.