{"data":{"id":"us-tx/tex.-insurance-code-424.210","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 424.210","heading":"OVERSIGHT BY COMMISSIONER.","body":"(a) Not later than the 10th day before the date an insurer is scheduled to enter into an initial hedging transaction, the insurer shall notify the commissioner in writing that:\n(1) the insurer's board of directors has adopted an investment plan that authorizes hedging transactions; and\n(2) each hedging transaction will comply with this subchapter.\n(b) If a hedging transaction does not comply with this subchapter or if continuing the transaction may create a hazardous financial condition for the insurer that affects the insurer's policyholders or creditors or the public, the commissioner may, after notice and an opportunity for a hearing, order the insurer to take action that the commissioner determines is reasonably necessary to:\n(1) remedy a hazardous financial condition; or\n(2) prevent an impending hazardous financial condition from occurring.\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#424.210","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"7807629f83ebc7ad4bcd3f1123fa82e7e188f82a1e7ae554d9902c7ed6cfad45","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-424.209","next":"us-tx/tex.-insurance-code-424.211"},"notice":"GroundRules: Original legal text. Not legal advice."}