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Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Insurance Code § 1152.201: DEFINITION.

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Where this section sits in the code
  1. INSURANCE CODE
  2. TITLE 7. LIFE INSURANCE AND ANNUITIES
  3. SUBTITLE C. SPECIALIZED COVERAGES
  4. CHAPTER 1152. SEPARATE ACCOUNTS, VARIABLE CONTRACTS, AND RELATED PRODUCTS
  5. SUBCHAPTER E. MODIFIED GUARANTEED CONTRACTS

In this subchapter, "modified guaranteed contract" means an individual life insurance policy or deferred annuity contract as to which:

(1) the underlying assets are held in a separate account; and

(2) the values are guaranteed if the policy or contract is held for a specified period.

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

Collected 2026-08-27T01:47:21Z. Source file · JSON

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