Texas § 425.131 RISK CONTROL TRANSACTIONS: TRADING REQUIREMENTS.

Texas Statutes

§ 425.131 — RISK CONTROL TRANSACTIONS: TRADING REQUIREMENTS.

Texas § 425.131

Code INInsurance Code

This text of Texas § 425.131 (RISK CONTROL TRANSACTIONS: TRADING REQUIREMENTS.) 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. § 425.131 (2026).

Text

Sec. 425.131. RISK CONTROL TRANSACTIONS: TRADING REQUIREMENTS. For purposes of Sections 425.124-425.132, each derivative instrument must be:

(1)traded on a securities exchange;

(2)entered into with, or guaranteed by, a business entity;

(3)issued or written by, or entered into with, the issuer of the underlying interest on which the derivative instrument is based; or

(4)in the case of futures, traded through a broker that is:

(A)registered as a futures commission merchant under the Commodity Exchange Act (7 U.S.C. Section 1 et seq.); or

(B)exempt from that registration under 17 C.F.R. Section 30.10, adopted under the Commodity Exchange Act.

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Sec. 425.131. RISK CONTROL TRANSACTIONS: TRADING REQUIREMENTS. For purposes of Sections 425.124-425.132, each derivative instrument must be:
(1) traded on a securities exchange;
(2) entered into with, or guaranteed by, a business entity;
(3) issued or written by, or entered into with, the issuer of the underlying interest on which the derivative instrument is based; or
(4) in the case of futures, traded through a broker that is:
(A) registered as a futures commission merchant under the Commodity Exchange Act (7 U.S.C. Section 1 et seq.); or
(B) exempt from that registration under 17 C.F.R. Section 30.10, adopted under the Commodity Exchange Act.