Tex. Ins. Code § 425.130 · Subchapter C. AUTHORIZED INVESTMENTS AND TRANSACTIONS FOR CAPITAL STOCK LIFE, HEALTH, AND ACCIDENT INSURERS
RISK CONTROL TRANSACTIONS: LIMITATIONS ON REPLICATION TRANSACTIONS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) An insurance company may enter into a replication transaction only with the prior written approval of the commissioner, and only if:
(1) the company would otherwise be authorized to invest the company's funds under this subchapter in the asset being replicated; and
(2) the asset being replicated is subject to all the provisions of this subchapter relating to the making of investments by the company in that type of asset as if the transaction constituted a direct investment by the company in the replicated asset.
(b) The commissioner may adopt fair and reasonable rules regarding replication transactions 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.425.htm
- Text hash
- sha256 0edbf3f2e10bb39e7520b586667ba410d8bd0072d2d29d4e2eb6cd947cb61a87
- 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
Cited by 1 provision
Provisions in this library whose text cites Tex. Ins. Code § 425.130. Each shows the citation as that text prints it.
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