{"data":{"id":"us-tx/tex.-government-code-4005.005","jurisdiction":"us-tx","citation":"Tex. Government Code § 4005.005","heading":"INSURANCE COMPANY SALES.","body":"(a) The exemption provided by Section 4005.001 applies to the sale of a security made by or on behalf of an insurance company that:\n(1) is subject to the supervision or control of the Texas Department of Insurance; and\n(2) owns the security as a legal and bona fide investment.\n(b) A sale or offer for sale under Subsection (a) is not exempt from this title if the sale or offer is made or intended to be made directly or indirectly for the benefit of another company.\nAdded by Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 1.01, eff. January 1, 2022.","path":["GOVERNMENT CODE","TITLE 12. SECURITIES ACT","CHAPTER 4005. EXEMPTIONS","SUBCHAPTER A. EXEMPT TRANSACTIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/GV/htm/GV.4005.htm#4005.005","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:16Z","sha256":"ddb9c8171883fbc14c22266f2abd39fb9d516fda1a5043358da946deebe395f3","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-government-code-4005.004","next":"us-tx/tex.-government-code-4005.006"},"notice":"GroundRules: Original legal text. Not legal advice."}