Texas § IN.424.202 - RISK CONTROL TRANSACTIONS AUTHORIZED
Full text of Texas The Texas Constitution § IN.424.202 — RISK CONTROL TRANSACTIONS AUTHORIZED, with citation guidance and answers to common questions.
§ IN.424.202. RISK CONTROL TRANSACTIONS AUTHORIZED
RISK CONTROL TRANSACTIONS AUTHORIZED. (a) Except as provided by Subsection (b), an insurer may engage in a risk control transaction authorized by this subchapter to: (1) protect the insurer's assets against the risk of changing asset values or interest rates; (2) reduce risk; and (3) generate income. (b) An insurer with a statutory net capital and surplus as determined by the insurer's most recent financial statement required to be filed with the department that is less than the minimum amount of capital and surplus required for a new charter and certificate of authority for the same type of insurer may not engage in a transaction authorized under this subchapter. Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 1, eff. April 1, 2007.
Frequently Asked Questions About Texas § IN.424.202
What does The Texas Constitution § IN.424.202 cover?
Section IN.424.202 ("RISK CONTROL TRANSACTIONS AUTHORIZED") 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 § IN.424.202?
A common citation format is "The Texas Constitution § IN.424.202" (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 § IN.424.202 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.