Texas § IN.424.211 - AUTHORITY TO ENTER INTO HEDGING TRANSACTION
Full text of Texas The Texas Constitution § IN.424.211 — AUTHORITY TO ENTER INTO HEDGING TRANSACTION, with citation guidance and answers to common questions.
§ IN.424.211. AUTHORITY TO ENTER INTO HEDGING TRANSACTION
AUTHORITY TO ENTER INTO HEDGING TRANSACTION. After providing notice under Section 424.210 , an insurer may enter into a hedging transaction under this subchapter if as a result of and after making the transaction: (1) the aggregate statement value of all outstanding caps, floors, options, swaptions, and warrants not attached to another financial instrument purchased by the insurer under this subchapter, other than a collar, does not exceed 7.5 percent of the insurer's assets; (2) the aggregate statement value of all outstanding caps, floors, options, swaptions, and warrants written by the insurer under this subchapter, other than a collar, does not exceed three percent of the insurer's assets; and (3) the aggregate potential exposure of all outstanding collars, forwards, futures, and swaps entered into or acquired by the insurer under this subchapter does not exceed 6.5 percent of the insurer's assets. Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 1, eff. April 1, 2007.
Frequently Asked Questions About Texas § IN.424.211
What does The Texas Constitution § IN.424.211 cover?
Section IN.424.211 ("AUTHORITY TO ENTER INTO HEDGING TRANSACTION") 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.424.211?
A common citation format is "The Texas Constitution § IN.424.211" (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.424.211 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.