Tex. Insurance Code § 548.004
This is the official text of Tex. Insurance Code § 548.004, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 548.004. RULES RELATING TO EQUITY SECURITIES AND EXEMPT SECURITIES.
Official statutory text
(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.
(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.
Status: in_force · Read it on the official government site
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