Texas Insurance Code - Section 424.208. Offsetting Transactions
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§ 424.208. OFFSETTING TRANSACTIONS. (a) Subject to this
section, an insurer 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 this subchapter.
(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, § 1, eff. April 1, 2007.
Section: 424.201 424.202 424.203 424.204 424.205 424.206 424.207 424.208 424.209 424.210 424.211 424.212 424.213 424.214 424.215
Last modified: August 10, 2007
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