Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Insurance Code § 424.213: LIMITATION ON SALE OF CALL OPTION ON ASSETS.

Where this section sits in the code

INSURANCE CODE
TITLE 4. REGULATION OF SOLVENCY
SUBTITLE B. RESERVES AND INVESTMENTS
CHAPTER 424. INVESTMENTS FOR CERTAIN INSURERS
SUBCHAPTER E. RISK CONTROL TRANSACTIONS

If an income generation transaction is a sale of a call option on assets, the insurer must, during the entire period the option is outstanding, hold, or have a currently exercisable right to acquire, the underlying assets.

Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.

Collected 2026-08-27T01:47:21Z. Source file · JSON

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