Texas § IN.424.217 - AUTHORITY TO ENTER REPLICATION TRANSACTION
Full text of Texas The Texas Constitution § IN.424.217 — AUTHORITY TO ENTER REPLICATION TRANSACTION, with citation guidance and answers to common questions.
§ IN.424.217. AUTHORITY TO ENTER REPLICATION TRANSACTION
AUTHORITY TO ENTER REPLICATION TRANSACTION. (a) An insurer may enter into a replication transaction only with the prior written approval of the commissioner. (b) To be eligible for approval by the commissioner: (1) the insurer must be otherwise authorized to invest the insurer's funds under this chapter in the asset being replicated; and (2) the asset being replicated must be subject to all the provisions of this subchapter relating to the making of the transaction by the insurer with respect to that kind of asset as if the transaction constituted a direct investment by the insurer in the replicated asset. (c) The commissioner may adopt rules regarding replication transactions as necessary to implement this section. Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 1, eff. April 1, 2007.
Frequently Asked Questions About Texas § IN.424.217
What does The Texas Constitution § IN.424.217 cover?
Section IN.424.217 ("AUTHORITY TO ENTER REPLICATION 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.424.217?
A common citation format is "The Texas Constitution § IN.424.217" (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.424.217 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.