Texas § GV.4005.005 - INSURANCE COMPANY SALES

Full text of Texas The Texas Constitution § GV.4005.005 — INSURANCE COMPANY SALES, with citation guidance and answers to common questions.

§ GV.4005.005. INSURANCE COMPANY SALES

INSURANCE COMPANY SALES. (a) The exemption provided by Section 4005.001 applies to the sale of a security made by or on behalf of an insurance company that: (1) is subject to the supervision or control of the Texas Department of Insurance; and (2) owns the security as a legal and bona fide investment. (b) A sale or offer for sale under Subsection (a) is not exempt from this title if the sale or offer is made or intended to be made directly or indirectly for the benefit of another company. Added by Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171 ), Sec. 1.01, eff. January 1, 2022.

Source: official Texas text · Last verified 2026-08-27

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Frequently Asked Questions About Texas § GV.4005.005

What does The Texas Constitution § GV.4005.005 cover?

Section GV.4005.005 ("INSURANCE COMPANY SALES") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Texas § GV.4005.005?

A common citation format is "The Texas Constitution § GV.4005.005" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Texas law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.

How does Texas § GV.4005.005 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Texas.