Section 425.132 - Risk Control Transactions: Offsetting Transactions(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.(b) An offsetting transaction under this section must use the same type of derivative instrument as the derivative instrument being offset.Added by Acts 2005, 79th Leg., Ch. 727, Sec. 1, eff. 4/1/2007.