Tex. Ins. Code § 424.217 · Subchapter E. RISK CONTROL TRANSACTIONS
AUTHORITY TO ENTER REPLICATION TRANSACTION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) An insurer may enter into a replication transaction only with the prior written approval of the commissioner.
(b) To be eligible for approval by the commissioner:
(1) the insurer must be otherwise authorized to invest the insurer's funds under this chapter in the asset being replicated; and
(2) the asset being replicated must be subject to all the provisions of this subchapter relating to the making of the transaction by the insurer with respect to that kind of asset as if the transaction constituted a direct investment by the insurer in the replicated asset.
(c) The commissioner may adopt rules regarding replication transactions as necessary to implement this section.
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 e40891f3d831d7cab4d7dab0bbf187330bcf024c7ce4453d34d300dc3eaf739f
- 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.