Texas Insurance Code

§ 1108.002 — ANNUITY CONTRACTS

IN § 1108.002Title 7. LIFE INSURANCE AND ANNUITIES · Part A. LIFE INSURANCE IN GENERAL · Ch. 1108. BENEFITS EXEMPT FROM SEIZURE · Art. A. GENERAL PROVISIONS

Statute text

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For purposes of regulation under this code, an annuity contract is considered an insurance policy or contract if the annuity contract is issued:

(1)by a life, health, or accident insurance company, including a mutual company or fraternal benefit society; or

(2)under an annuity or benefit plan used by an employer or individual.

Legislative history

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.