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Texas Insurance Code - INS § 1152.107. Separate Annual Statement Required

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) An insurance company authorized under this subchapter to issue, deliver, or use a variable annuity contract or variable life contract shall file with the department a separate annual statement of its separate variable contract accounts.

(b) The company shall file the statement:

(1) on a form prescribed or approved by the department;  and

(2) simultaneously with the annual statement required by Sections 841.255 and 882.003.

(c) The statement must:

(1) include details as to all income, disbursements, assets, and liability items associated with the separate variable contract accounts;  and

(2) be under oath of two company officers.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 1152.107. Separate Annual Statement Required - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-1152-107/

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