Tex. Ins. Code § 1152.055 · Subchapter B. SEPARATE ACCOUNTS
GUARANTEED BENEFITS AND MONEY RESTRICTION FOR SEPARATE ACCOUNTS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
A domestic insurance company may not maintain a reserve for a benefit guaranteed as to dollar amount and duration or funds guaranteed as to principal amount or stated rate of interest in a separate account except with the commissioner's approval and under conditions for investments, and other matters, that recognize the guaranteed nature of the benefits provided and that are prescribed by the department.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.
Amended by:
Acts 2023, 88th Leg., R.S., Ch. 412 (H.B. 1587), Sec. 2, eff. June 9, 2023.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.1152.htm
- Text hash
- sha256 1733a9e02f1085ddc57b5a6711f36d3891f40c67055d6f69e6656afef11921c0
- 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
Cited by 4 provisions
Provisions in this library whose text cites Tex. Ins. Code § 1152.055. Each shows the citation as that text prints it.
Insurance Code
- Tex. Ins. Code § 422.052REPORT TO COMMISSIONER.Printed as Section 1152.055
- Tex. Ins. Code § 422.053CLAIMANT LIEN ON CERTAIN ASSETS.Printed as Section 1152.055
- Tex. Ins. Code § 1152.056INVESTMENT LIMITS NOT APPLICABLE TO SEPARATE ACCOUNT.Printed as Section 1152.055
- Tex. Ins. Code § 1152.058ASSET VALUATION IN SEPARATE ACCOUNT.Printed as Section 1152.055
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.