Tex. Insurance Code § 423.105
This is the official text of Tex. Insurance Code § 423.105, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 423.105. MANDATORY DEPOSIT OF SECURITIES; COMMISSIONER CONTROL.
Official statutory text
(a) An insurer that is required to deposit securities as a condition of engaging in the business of insurance in this state may deposit the securities with a clearing corporation or in the Federal Reserve book-entry system.
(b) Securities under Subsection (a) are under the commissioner's control and may not be withdrawn by the insurer without the commissioner's approval.
(b) Securities under Subsection (a) are under the commissioner's control and may not be withdrawn by the insurer without the commissioner's approval.
Status: in_force · Read it on the official government site
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