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Texas Insurance Code - INS § 548.004. Rules Relating to Equity Securities and Exempt Securities

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) If the commissioner considers it necessary or appropriate in the public interest or for the protection of investors, the commissioner by rule may define:

(1) “equity security” to include a security that is similar in nature to an equity security; and

(2) “exempt security” for purposes of this chapter.

(b) In adopting a rule under Subsection (a)(2), the commissioner may define the term conditionally, on specified terms, or for a stated period.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 548.004. Rules Relating to Equity Securities and Exempt Securities - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-548-004/

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