Tex. Ins. Code § 425.131

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

Section 425.131 - Risk Control Transactions: Trading Requirements

For purposes of Sections 425.124-425.132, 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 that is:

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

(B) exempt from that registration under 17 C.F.R. Section 30.10, adopted under the Commodity Exchange Act.

Tex. Ins. Code § 425.131

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