Texas Insurance Code

§ 102.051 — NOT INSURANCE; EFFECT OF CERTAIN LAWS

IN § 102.051Title 2. TEXAS DEPARTMENT OF INSURANCE · Part B. DISCIPLINE AND ENFORCEMENT · Ch. 102. CHARITABLE GIFT ANNUITIES · Art. B. ISSUANCE OF CHARITABLE GIFT ANNUITY

Statute text

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The issuance of a qualified charitable gift annuity:

(1)does not constitute engaging in the business of insurance in this state;

(2)does not violate Section 15.05 or 17.46, Business & Commerce Code; and

(3)is not an unconscionable action or course of action for purposes of Section 17.50(a)(3), Business & Commerce Code.

Legislative history

Added by Acts 1999, 76th Leg., ch. 101, Sec. 1, eff. Sept. 1, 1999.