Robert Moore obtained an insurance policy from TWT Insurance Exchange in $20$X$2.$ Under SEC independence rules, which condition would allow him to work on his firm's audit of TWT in $20$X$4?$

Robert charges less than $20$ hours to the audit engagement.

Robert would not receive an insurance payout material to his net worth.

Robert is not the lead engagement partner or manager on the account.

Robert obtained the policy before he became a covered member.