Texas § 425.132 RISK CONTROL TRANSACTIONS: OFFSETTING TRANSACTIONS.

Texas Statutes

§ 425.132 — RISK CONTROL TRANSACTIONS: OFFSETTING TRANSACTIONS.

Texas § 425.132

Code INInsurance Code

This text of Texas § 425.132 (RISK CONTROL TRANSACTIONS: OFFSETTING TRANSACTIONS.) 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. § 425.132 (2026).

Text

Sec. 425.132. RISK CONTROL TRANSACTIONS: OFFSETTING TRANSACTIONS.

(a)Subject to this section, an insurance company may purchase or sell one or more derivative instruments to wholly or partly offset a derivative instrument previously purchased or sold, without regard to the quantitative limitations of Sections 425.124-425.131.

(b)An offsetting transaction under this section must use the same type of derivative instrument as the derivative instrument being offset.

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Sec. 425.132. RISK CONTROL TRANSACTIONS: OFFSETTING TRANSACTIONS. (a) Subject to this section, an insurance company may purchase or sell one or more derivative instruments to wholly or partly offset a derivative instrument previously purchased or sold, without regard to the quantitative limitations of Sections 425.124-425.131.
(b) An offsetting transaction under this section must use the same type of derivative instrument as the derivative instrument being offset.