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Tex. Insurance Code § 425.132

RISK CONTROL TRANSACTIONS: OFFSETTING TRANSACTIONS

Texas · Texas Insurance Code · Status: effective

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Tex. Insurance Code § 425.132, RISK CONTROL TRANSACTIONS: OFFSETTING TRANSACTIONS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/677580
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(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.