Texas § 424.202 RISK CONTROL TRANSACTIONS AUTHORIZED.

Texas Statutes

§ 424.202 — RISK CONTROL TRANSACTIONS AUTHORIZED.

Texas § 424.202

Code INInsurance Code

This text of Texas § 424.202 (RISK CONTROL TRANSACTIONS AUTHORIZED.) 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. § 424.202 (2026).

Text

Sec. 424.202. RISK CONTROL TRANSACTIONS AUTHORIZED.

(a)Except as provided by Subsection (b), an insurer may engage in a risk control transaction authorized by this subchapter to:

(1)protect the insurer's assets against the risk of changing asset values or interest rates;

(2)reduce risk; and

(3)generate income.

(b)An insurer with a statutory net capital and surplus as determined by the insurer's most recent financial statement required to be filed with the department that is less than the minimum amount of capital and surplus required for a new charter and certificate of authority for the same type of insurer may not engage in a transaction authorized under this subchapter.

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

Sec. 424.202. RISK CONTROL TRANSACTIONS AUTHORIZED. (a) Except as provided by Subsection (b), an insurer may engage in a risk control transaction authorized by this subchapter to:
(1) protect the insurer's assets against the risk of changing asset values or interest rates;
(2) reduce risk; and
(3) generate income.
(b) An insurer with a statutory net capital and surplus as determined by the insurer's most recent financial statement required to be filed with the department that is less than the minimum amount of capital and surplus required for a new charter and certificate of authority for the same type of insurer may not engage in a transaction authorized under this subchapter.