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Texas Insurance Code - INS § 1701.006. Exemption for Certain Group Annuity Transactions

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

(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.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 1701.006. Exemption for Certain Group Annuity Transactions - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-1701-006/

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