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Texas Statutes (Last Updated: January 4, 2014) |
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INSURANCE CODE |
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Title 7. LIFE INSURANCE AND ANNUITIES |
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Subtitle A. LIFE INSURANCE IN GENERAL |
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Chapter 1107. STANDARD NONFORFEITURE LAW FOR CERTAIN ANNUITIES |
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Subchapter A. GENERAL PROVISIONS |
Sec. 1107.002. EXEMPTIONS
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(a) This chapter does not apply to:
(1) a reinsurance contract;
(2) a group annuity contract that is purchased under a retirement plan or plan of deferred compensation established or maintained by an employer, including a partnership or sole proprietorship, by an employee organization, or by both, other than a plan that provides individual retirement accounts or individual retirement annuities under Section 408, Internal Revenue Code of 1986, as amended;
(3) a premium deposit fund;
(4) a variable annuity contract;
(5) an investment annuity contract;
(6) an immediate annuity contract;
(7) a deferred annuity contract under which annuity payments have begun; or
(8) a reversionary annuity contract.
(b) This chapter does not apply to a contract delivered outside this state through an agent or other representative of the company that issues the contract.