Tex. Ins. Code § 1115.003 · Subchapter A. GENERAL PROVISIONS
APPLICABILITY; EXEMPTIONS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) This chapter applies to any sale of an annuity.
(b) Unless otherwise specifically included, this chapter does not apply to transactions involving:
(1) direct response solicitations if there is no recommendation based on information collected from the consumer under this chapter;
(2) contracts used to fund:
(A) an employee pension benefit plan or employee welfare benefit plan covered by the Employee Retirement Income Security Act of 1974 (29 U.S.C. Section 1001 et seq.);
(B) a plan described by Section 401(a), 401(k), 403(b), 408(k), or 408(p), Internal Revenue Code of 1986, if established or maintained by an employer;
(C) a government or church plan, as defined by Section 414, Internal Revenue Code of 1986, a government or church welfare benefit plan, or a deferred compensation plan of a state or local government or tax exempt organization described under Section 457, Internal Revenue Code of 1986; or
(D) a nonqualified deferred compensation arrangement established or maintained by an employer or plan sponsor;
(3) settlements of or assumptions of liabilities associated with personal injury litigation or any dispute or claim resolution process; or
(4) prepaid funeral benefits contracts, as defined by Chapter 154, Finance Code.
Notes and commentary — not statutory text
History
Added by Acts 2007, 80th Leg., R.S., Ch. 736 (H.B. 2761), Sec. 1, eff. September 1, 2007.
Amended by:
Acts 2011, 82nd Leg., R.S., Ch. 1156 (H.B. 2277), Sec. 8, eff. September 1, 2011.
Acts 2021, 87th Leg., R.S., Ch. 262 (H.B. 1777), Sec. 4, eff. September 1, 2021.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.1115.htm
- Text hash
- sha256 c37dde64563788c019acab630b5836af39b12ef98e6fe1296ab19216033aa2a3
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
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Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.