Tex. Ins. Code § 425.131 · Subchapter C. AUTHORIZED INVESTMENTS AND TRANSACTIONS FOR CAPITAL STOCK LIFE, HEALTH, AND ACCIDENT INSURERS
RISK CONTROL TRANSACTIONS: TRADING REQUIREMENTS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
For purposes of Sections 425.124-425.132, each derivative instrument must be:
(1) traded on a securities exchange;
(2) entered into with, or guaranteed by, a business entity;
(3) issued or written by, or entered into with, the issuer of the underlying interest on which the derivative instrument is based; or
(4) in the case of futures, traded through a broker that is:
(A) registered as a futures commission merchant under the Commodity Exchange Act (7 U.S.C. Section 1 et seq.); or
(B) exempt from that registration under 17 C.F.R. Section 30.10, adopted under the Commodity Exchange Act.
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 318095ed58fab8bb32a28b5d6fe81cf820b0f660cf6cb780703ab36badcc78e8
- 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
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