Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
Title 7. LIFE INSURANCE AND ANNUITIES |
Subtitle C. SPECIALIZED COVERAGES |
Chapter 1152. SEPARATE ACCOUNTS, VARIABLE CONTRACTS, AND RELATED PRODUCTS |
Subchapter B. SEPARATE ACCOUNTS |
Sec. 1152.059. SEPARATE ACCOUNT NOT CHARGEABLE WITH OTHER LIABILITIES
Latest version.
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To the extent provided under the applicable contracts, the portion of a separate account's assets equal to the reserves and other contract liabilities regarding that account is not chargeable with a liability arising out of any other business of the insurance company.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.