Tex. Ins. Code § 424.204

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 424.204 - Trading Requirements for Derivative Instruments

Each derivative instrument must be:

(1) traded on a securities exchange;

(2) entered into with, or guaranteed by, a business entity;

(3) issued or written by, or entered into with, the issuer of the underlying interest on which the derivative instrument is based; or

(4) in the case of futures, traded through a broker who is:

(A) registered as a futures commission merchant under the Commodity Exchange Act (7 U.S.C. Section 1 et seq.), as amended; or

(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.

Tex. Ins. Code § 424.204

Added by Acts 2005, 79th Leg., Ch. 727, Sec. 1, eff. 4/1/2007.