Texas § IN.425.132 - RISK CONTROL TRANSACTIONS
Full text of Texas The Texas Constitution § IN.425.132 — RISK CONTROL TRANSACTIONS, with citation guidance and answers to common questions.
§ IN.425.132. RISK CONTROL TRANSACTIONS
RISK CONTROL TRANSACTIONS: OFFSETTING TRANSACTIONS. (a) Subject to this section, an insurance company may purchase or sell one or more derivative instruments to wholly or partly offset a derivative instrument previously purchased or sold, without regard to the quantitative limitations of Sections 425.124-425.131. (b) An offsetting transaction under this section must use the same type of derivative instrument as the derivative instrument being offset. Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 1, eff. April 1, 2007.
Frequently Asked Questions About Texas § IN.425.132
What does The Texas Constitution § IN.425.132 cover?
Section IN.425.132 ("RISK CONTROL TRANSACTIONS") 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.425.132?
A common citation format is "The Texas Constitution § IN.425.132" (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.425.132 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.