{"data":{"id":"us-tx/tex.-insurance-code-424.204","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 424.204","heading":"TRADING REQUIREMENTS FOR DERIVATIVE INSTRUMENTS.","body":"Each derivative instrument must be:\n(1) traded on a securities exchange;\n(2) entered into with, or guaranteed by, a business entity;\n(3) issued or written by, or entered into with, the issuer of the underlying interest on which the derivative instrument is based; or\n(4) in the case of futures, traded through a broker who is:\n(A) registered as a futures commission merchant under the Commodity Exchange Act (7 U.S.C. Section 1 et seq.), as amended; or\n(B) exempt from that registration under 17 C.F.R. Section 30.10, adopted under the Commodity Exchange Act (7 U.S.C. Section 1 et seq.), as amended.\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 E. RISK CONTROL TRANSACTIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.424.htm#424.204","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"28801b095d61d2b282ee59acbd04d13722f407e349eb503b1fb66fd1a069e6fa","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-424.203","next":"us-tx/tex.-insurance-code-424.205"},"notice":"GroundRules: Original legal text. Not legal advice."}