Tex. Ins. Code § 425.132 · Subchapter C. AUTHORIZED INVESTMENTS AND TRANSACTIONS FOR CAPITAL STOCK LIFE, HEALTH, AND ACCIDENT INSURERS
RISK CONTROL TRANSACTIONS: OFFSETTING TRANSACTIONS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Subject to this section, an insurance company may purchase or sell one or more derivative instruments to wholly or partly offset a derivative instrument previously purchased or sold, without regard to the quantitative limitations of Sections 425.124-425.131.
(b) An offsetting transaction under this section must use the same type of derivative instrument as the derivative instrument being offset.
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 2b16389046e19046936de3ffda6861c79b152fb3b58a26502dfc2d5baaac7d65
- 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
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Cited by 7 provisions
Provisions in this library whose text cites Tex. Ins. Code § 425.132. Each shows the citation as that text prints it.
Insurance Code
- Tex. Ins. Code § 422.005EXEMPTIONS.Printed as Section 425.124, 425.125, 425.126, 425.127, 425.128, 425.129, 425.130, 425.131, or 425.132
- Tex. Ins. Code § 425.124AUTHORIZED INVESTMENTS: RISK CONTROL TRANSACTIONS.Printed as Sections 425.126-425.132
- Tex. Ins. Code § 425.125RISK CONTROL TRANSACTIONS: DEFINITIONS.Printed as Sections 425.124-425.132
- Tex. Ins. Code § 425.128RISK CONTROL TRANSACTIONS: OVERSIGHT BY COMMISSIONER.Printed as Sections 425.124-425.132
- Tex. Ins. Code § 425.129RISK CONTROL TRANSACTIONS: LIMITATIONS ON INCOME GENERATION TRANSACTIONS.Printed as Sections 425.124-425.132
- Tex. Ins. Code § 425.131RISK CONTROL TRANSACTIONS: TRADING REQUIREMENTS.Printed as Sections 425.124-425.132
- Tex. Ins. Code § 425.151AUTHORIZED INVESTMENTS: FOREIGN COUNTRIES AND UNITED STATES TERRITORIES.Printed as Sections 425.124-425.132
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.