Texas § 424.156 PERCENTAGE LIMITATIONS.

Texas Statutes

§ 424.156 — PERCENTAGE LIMITATIONS.

Texas § 424.156

Code INInsurance Code

This text of Texas § 424.156 (PERCENTAGE LIMITATIONS.) 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. Insurance Code Code Ann. § 424.156 (2026).

Text

Sec. 424.156. PERCENTAGE LIMITATIONS.

(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.

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Sec. 424.156. PERCENTAGE LIMITATIONS. (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.