Texas § 4005.005 INSURANCE COMPANY SALES.

Texas Statutes

§ 4005.005 — INSURANCE COMPANY SALES.

Texas § 4005.005

Code GVGovernment Code

This text of Texas § 4005.005 (INSURANCE COMPANY SALES.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Government Code Code Ann. § 4005.005 (2026).

Text

Sec. 4005.005. INSURANCE COMPANY SALES.

(a)The exemption provided by Section 4005.001 applies to the sale of a security made by or on behalf of an insurance company that:

(1)is subject to the supervision or control of the Texas Department of Insurance; and

(2)owns the security as a legal and bona fide investment.

(b)A sale or offer for sale under Subsection (a) is not exempt from this title if the sale or offer is made or intended to be made directly or indirectly for the benefit of another company.

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 4005.005. INSURANCE COMPANY SALES. (a) The exemption provided by Section 4005.001 applies to the sale of a security made by or on behalf of an insurance company that:
(1) is subject to the supervision or control of the Texas Department of Insurance; and
(2) owns the security as a legal and bona fide investment.
(b) A sale or offer for sale under Subsection (a) is not exempt from this title if the sale or offer is made or intended to be made directly or indirectly for the benefit of another company.