{"data":{"id":"us-tx/tex.-insurance-code-424.156","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 424.156","heading":"PERCENTAGE LIMITATIONS.","body":"(a) An insurer may not enter into a transaction under this subchapter if, as a result of and after making the transaction, the aggregate amount of securities loaned or sold to or purchased from:\n(1) a single business entity counterparty under this subchapter would exceed five percent of the insurer's assets; or\n(2) all business entities under this subchapter would exceed 40 percent of the insurer's assets.\n(b) In computing the amount sold to or purchased from a business entity counterparty under a repurchase or reverse repurchase transaction, effect may be given to netting provisions under a master written agreement.\nAdded by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.","path":["INSURANCE CODE","TITLE 4. REGULATION OF SOLVENCY","SUBTITLE B. RESERVES AND INVESTMENTS","CHAPTER 424. INVESTMENTS FOR CERTAIN INSURERS","SUBCHAPTER D. DOLLAR ROLL, REPURCHASE, REVERSE REPURCHASE, AND SECURITIES LENDING TRANSACTIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.424.htm#424.156","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"606ddcde668a764a9978a9cd3e0fa21dd97a113d3f9f37fe3995a33a12668381","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-424.155","next":"us-tx/tex.-insurance-code-424.157"},"notice":"GroundRules: Original legal text. Not legal advice."}