Tex. Ins. Code § 1701.006 · Subchapter A. GENERAL PROVISIONS
EXEMPTION FOR CERTAIN GROUP ANNUITY TRANSACTIONS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The filing and approval requirements in this chapter do not apply to any group annuity policy, certificate, or contract written or issued by an insurer authorized to engage in the business of insurance in this state that involves use of a separate account if benefits would also have guarantees from an insurer's general account.
(b) For purposes of this section, a group annuity policy, certificate, or contract includes a single premium group annuity policy, certificate, or contract that is negotiated between an insurer and an applicable group or plan sponsor.
Notes and commentary — not statutory text
History
Added by Acts 2023, 88th Leg., R.S., Ch. 412 (H.B. 1587), Sec. 3, 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.1701.htm
- Text hash
- sha256 144dfbaa9e447a22a80faa9b21bfae8e4e42c9c3a95b0a0fb286dbd3feb867da
- 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
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.