Texas § 1152.055 GUARANTEED BENEFITS AND MONEY RESTRICTION FOR SEPARATE ACCOUNTS.

Texas Statutes

§ 1152.055 — GUARANTEED BENEFITS AND MONEY RESTRICTION FOR SEPARATE ACCOUNTS.

Texas § 1152.055

Code INInsurance Code

This text of Texas § 1152.055 (GUARANTEED BENEFITS AND MONEY RESTRICTION FOR SEPARATE ACCOUNTS.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Insurance Code Code Ann. § 1152.055 (2026).

Text

Sec. 1152.055. GUARANTEED BENEFITS AND MONEY RESTRICTION FOR SEPARATE ACCOUNTS. A domestic insurance company may not maintain a reserve for a benefit guaranteed as to dollar amount and duration or funds guaranteed as to principal amount or stated rate of interest in a separate account except with the commissioner's approval and under conditions for investments, and other matters, that recognize the guaranteed nature of the benefits provided and that are prescribed by the department.

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Sec. 1152.055. GUARANTEED BENEFITS AND MONEY RESTRICTION FOR SEPARATE ACCOUNTS. A domestic insurance company may not maintain a reserve for a benefit guaranteed as to dollar amount and duration or funds guaranteed as to principal amount or stated rate of interest in a separate account except with the commissioner's approval and under conditions for investments, and other matters, that recognize the guaranteed nature of the benefits provided and that are prescribed by the department.

Legislative History

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003. Amended by: Acts 2023, 88th Leg., R.S., Ch. 412 (H.B. 1587 ), Sec. 2, eff. June 9, 2023.