Texas § IN.424.210 - OVERSIGHT BY COMMISSIONER
Full text of Texas The Texas Constitution § IN.424.210 — OVERSIGHT BY COMMISSIONER, with citation guidance and answers to common questions.
§ IN.424.210. OVERSIGHT BY COMMISSIONER
OVERSIGHT BY COMMISSIONER. (a) Not later than the 10th day before the date an insurer is scheduled to enter into an initial hedging transaction, the insurer shall notify the commissioner in writing that: (1) the insurer's board of directors has adopted an investment plan that authorizes hedging transactions; and (2) each hedging transaction will comply with this subchapter. (b) If a hedging transaction does not comply with this subchapter or if continuing the transaction may create a hazardous financial condition for the insurer that affects the insurer's policyholders or creditors or the public, the commissioner may, after notice and an opportunity for a hearing, order the insurer to take action that the commissioner determines is reasonably necessary to: (1) remedy a hazardous financial condition; or (2) prevent an impending hazardous financial condition from occurring. Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 1, eff. April 1, 2007.
Frequently Asked Questions About Texas § IN.424.210
What does The Texas Constitution § IN.424.210 cover?
Section IN.424.210 ("OVERSIGHT BY COMMISSIONER") 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.424.210?
A common citation format is "The Texas Constitution § IN.424.210" (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.424.210 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.