yourstate.us
Home / Texas / Insurance Code
Tex. Insurance Code § 424.208

OFFSETTING TRANSACTIONS

Texas · Texas Insurance Code · Status: effective

Get this as JSONEmbed this
Cite this
Citation
Tex. Insurance Code § 424.208, OFFSETTING TRANSACTIONS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/677495
Permanent ID
ys:prov:677495@1
SHA-256
469dfda333cc52406844b6d04abea8df248dce4920ee8cc4f9c714cb9339c64d

The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.

Full text

(a) Subject to this section, an insurer 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 this subchapter. (b) An offsetting transaction under this section must use the same type of derivative instrument as the derivative instrument being offset.