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Current as of January 01, 2024 | Updated by Findlaw Staff
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.
Cite this article: FindLaw.com - Texas Insurance Code - INS § 423.108. Limitation on Assets Deposited With Clearing Corporation - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-423-108/
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