Tex. Insurance Code § 424.156
PERCENTAGE LIMITATIONS
Texas · Texas Insurance Code · Status: effective
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- Citation
- Tex. Insurance Code § 424.156, PERCENTAGE LIMITATIONS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/677485
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Full text
(a) An insurer may not enter into a transaction under this subchapter if, as a result of and after making the transaction, the aggregate amount of securities loaned or sold to or purchased from:
(1) a single business entity counterparty under this subchapter would exceed five percent of the insurer's assets; or
(2) all business entities under this subchapter would exceed 40 percent of the insurer's assets.
(b) In computing the amount sold to or purchased from a business entity counterparty under a repurchase or reverse repurchase transaction, effect may be given to netting provisions under a master written agreement.