Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
Title 7. LIFE INSURANCE AND ANNUITIES |
Subtitle A. LIFE INSURANCE IN GENERAL |
Chapter 1108. BENEFITS EXEMPT FROM SEIZURE |
Subchapter A. GENERAL PROVISIONS |
Sec. 1108.002. ANNUITY CONTRACTS
Latest version.
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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.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.