{"data":{"id":"us-tx/tex.-insurance-code-424.217","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 424.217","heading":"AUTHORITY TO ENTER REPLICATION TRANSACTION.","body":"(a) An insurer may enter into a replication transaction only with the prior written approval of the commissioner.\n(b) To be eligible for approval by the commissioner:\n(1) the insurer must be otherwise authorized to invest the insurer's funds under this chapter in the asset being replicated; and\n(2) the asset being replicated must be subject to all the provisions of this subchapter relating to the making of the transaction by the insurer with respect to that kind of asset as if the transaction constituted a direct investment by the insurer in the replicated asset.\n(c) The commissioner may adopt rules regarding replication transactions as necessary to implement this section.\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#424.217","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"c7f95e8ca9d76a794d0c9fd06eff162a36a08ab597c282c94deb53feaee02920","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-424.216","next":"us-tx/tex.-insurance-code-424.218"},"notice":"GroundRules: Original legal text. Not legal advice."}