Tex. Ins. Code § 1152.102 · Subchapter C. VARIABLE CONTRACTS
AUTHORIZATION REQUIRED FOR VARIABLE CONTRACTS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) An insurance company may not deliver or issue for delivery a variable contract in this state unless authorized by the commissioner under this section.
(b) If the commissioner finds, after notice and hearing, that the company is qualified to issue, deliver, and use a variable contract under this chapter and rules adopted under Section 1152.002, the commissioner shall issue an order relating to the company's authority to issue, deliver, and use a variable contract in this state.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.
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 e8c8521fd99abfe4b9972b281c54e28111f9ec290f24f864a3ec1dc14de17df8
- 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
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