Texas § 424.210 OVERSIGHT BY COMMISSIONER.

Texas Statutes

§ 424.210 — OVERSIGHT BY COMMISSIONER.

Texas § 424.210

Code INInsurance Code

This text of Texas § 424.210 (OVERSIGHT BY COMMISSIONER.) 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. § 424.210 (2026).

Text

Sec. 424.210. OVERSIGHT BY COMMISSIONER.

(a)Not later than the 10th day before the date an insurer is scheduled to enter into an initial hedging transaction, the insurer shall notify the commissioner in writing that:

(1)the insurer's board of directors has adopted an investment plan that authorizes hedging transactions; and

(2)each hedging transaction will comply with this subchapter.

(b)If a hedging transaction does not comply with this subchapter or if continuing the transaction may create a hazardous financial condition for the insurer that affects the insurer's policyholders or creditors or the public, the commissioner may, after notice and an opportunity for a hearing, order the insurer to take action that the commissioner determines is reasonably necessary to:

(1)remedy a hazard

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

Sec. 424.210. OVERSIGHT BY COMMISSIONER. (a) Not later than the 10th day before the date an insurer is scheduled to enter into an initial hedging transaction, the insurer shall notify the commissioner in writing that:
(1) the insurer's board of directors has adopted an investment plan that authorizes hedging transactions; and
(2) each hedging transaction will comply with this subchapter.
(b) If a hedging transaction does not comply with this subchapter or if continuing the transaction may create a hazardous financial condition for the insurer that affects the insurer's policyholders or creditors or the public, the commissioner may, after notice and an opportunity for a hearing, order the insurer to take action that the commissioner determines is reasonably necessary to:
(1) remedy a hazardous financial condition; or
(2) prevent an impending hazardous financial condition from occurring.