{"data":{"id":"us-tx/tex.-insurance-code-425.132","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 425.132","heading":"RISK CONTROL TRANSACTIONS: OFFSETTING TRANSACTIONS.","body":"(a) Subject to this section, an insurance company may purchase or sell one or more derivative instruments to wholly or partly offset a derivative instrument previously purchased or sold, without regard to the quantitative limitations of Sections 425.124-425.131.\n(b) An offsetting transaction under this section must use the same type of derivative instrument as the derivative instrument being offset.\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 425. RESERVES AND INVESTMENTS FOR LIFE INSURANCE COMPANIES AND RELATED ENTITIES","SUBCHAPTER C. AUTHORIZED INVESTMENTS AND TRANSACTIONS FOR CAPITAL STOCK LIFE, HEALTH, AND ACCIDENT INSURERS"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.425.htm#425.132","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"cf8bc9c8b19d75dd48b8e360db69751f6a4f386e9ba2fa95e4f1bb08803cd2fc","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-425.131","next":"us-tx/tex.-insurance-code-425.151"},"notice":"GroundRules: Original legal text. Not legal advice."}