{"data":{"id":"us-tx/tex.-insurance-code-1115.003","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 1115.003","heading":"APPLICABILITY; EXEMPTIONS.","body":"(a) This chapter applies to any sale of an annuity.\n(b) Unless otherwise specifically included, this chapter does not apply to transactions involving:\n(1) direct response solicitations if there is no recommendation based on information collected from the consumer under this chapter;\n(2) contracts used to fund:\n(A) an employee pension benefit plan or employee welfare benefit plan covered by the Employee Retirement Income Security Act of 1974 (29 U.S.C. Section 1001 et seq.);\n(B) a plan described by Section 401(a), 401(k), 403(b), 408(k), or 408(p), Internal Revenue Code of 1986, if established or maintained by an employer;\n(C) a government or church plan, as defined by Section 414, Internal Revenue Code of 1986, a government or church welfare benefit plan, or a deferred compensation plan of a state or local government or tax exempt organization described under Section 457, Internal Revenue Code of 1986; or\n(D) a nonqualified deferred compensation arrangement established or maintained by an employer or plan sponsor;\n(3) settlements of or assumptions of liabilities associated with personal injury litigation or any dispute or claim resolution process; or\n(4) prepaid funeral benefits contracts, as defined by Chapter 154, Finance Code.\nAdded by Acts 2007, 80th Leg., R.S., Ch. 736 (H.B. 2761), Sec. 1, eff. September 1, 2007.\nAmended by:\nActs 2011, 82nd Leg., R.S., Ch. 1156 (H.B. 2277), Sec. 8, eff. September 1, 2011.\nActs 2021, 87th Leg., R.S., Ch. 262 (H.B. 1777), Sec. 4, eff. September 1, 2021.","path":["INSURANCE CODE","TITLE 7. LIFE INSURANCE AND ANNUITIES","SUBTITLE A. LIFE INSURANCE IN GENERAL","CHAPTER 1115. SUITABILITY OF CERTAIN ANNUITY TRANSACTIONS","SUBCHAPTER A. GENERAL PROVISIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.1115.htm#1115.003","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"8f00e67b07b934f0b820621293953c953dc11199d87dcd89553402e04d9c2338","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-1115.002","next":"us-tx/tex.-insurance-code-1115.004"},"notice":"GroundRules: Original legal text. Not legal advice."}