Tex. Gov't Code Section 4005.005
Insurance Company Sales


The exemption provided by Section 4005.001 (Scope of Exemption) applies to the sale of a security made by or on behalf of an insurance company that:


is subject to the supervision or control of the Texas Department of Insurance; and


owns the security as a legal and bona fide investment.


A sale or offer for sale under Subsection (a) is not exempt from this title if the sale or offer is made or intended to be made directly or indirectly for the benefit of another company.
Added by Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 1.01, eff. January 1, 2022.

Source: Section 4005.005 — Insurance Company Sales, https://statutes.­capitol.­texas.­gov/Docs/GV/htm/GV.­4005.­htm#4005.­005 (accessed Jun. 5, 2024).

Jun. 5, 2024

§ 4005.005’s source at texas​.gov