Tex. Ins. Code § 424.202 · Subchapter E. RISK CONTROL TRANSACTIONS
RISK CONTROL TRANSACTIONS AUTHORIZED.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Except as provided by Subsection (b), an insurer may engage in a risk control transaction authorized by this subchapter to:
(1) protect the insurer's assets against the risk of changing asset values or interest rates;
(2) reduce risk; and
(3) generate income.
(b) An insurer with a statutory net capital and surplus as determined by the insurer's most recent financial statement required to be filed with the department that is less than the minimum amount of capital and surplus required for a new charter and certificate of authority for the same type of insurer may not engage in a transaction authorized under this subchapter.
Notes and commentary — not statutory text
History
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.424.htm
- Text hash
- sha256 2e06ac68a01cfd6226c708b8d60a44d75d5e0935748e27d49c298bc30b4b08a0
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.