{"data":{"id":"us-tx/tex.-insurance-code-424.213","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 424.213","heading":"LIMITATION ON SALE OF CALL OPTION ON ASSETS.","body":"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.\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#424.213","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"e158b9b33610645238e3a201226f9ef7741ba3c35bcff987282a71508206a24e","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-424.212","next":"us-tx/tex.-insurance-code-424.214"},"notice":"GroundRules: Original legal text. Not legal advice."}