Texas Insurance Code - INS § 1154.003. Definitions

(1) “Annuity contract” means a contract, including a funding agreement, guaranteed investment contract, and synthetic guaranteed investment contract, issued by a life insurer, with or without a mortality or morbidity contingency, under which:

(2) “Funding agreement” means a type of annuity contract under which a life insurer:

(3) “Governmental body” means a federal, state, municipal, local, or foreign court, tribunal, governmental department, commission, board, bureau, agency, authority, instrumentality, regulatory body, or quasi-regulatory body.

(4) “Group” means a group to which a group life insurance policy may be issued under Subchapter B, Chapter 1131.

(5) “Group annuity contract” means an annuity contract issued to a group and not an individual.

(6) “Guaranteed investment contract” means a type of annuity contract issued by a life insurer:

(7) “Life insurer” means an insurance company authorized to engage in the business of life insurance, including issuing annuity contracts, in this state.

(8) “Synthetic guaranteed investment contract” means a group annuity contract or other agreement issued by a life insurer that, wholly or partly, establishes the life insurer's obligations by reference to a segregated portfolio of assets that the life insurer does not own.