{"data":{"id":"us-tx/tex.-insurance-code-1152.051","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 1152.051","heading":"ESTABLISHMENT OF SEPARATE ACCOUNTS.","body":"A domestic life insurance company may establish separate accounts under this subchapter and may allocate to each account amounts, including proceeds applied under optional modes of settlement or under dividend options, to:\n(1) provide for life insurance, an annuity, or a benefit incidental to the insurance or annuity, payable in a fixed amount, a variable amount, or both a fixed amount and a variable amount; or\n(2) fund a benefit for a pension, retirement, or profit sharing plan payable in a fixed amount, a variable amount, or both a fixed amount and a variable amount.\nAdded by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.","path":["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"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.1152.htm#1152.051","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"eec7c5802c9a882acdc6fc5aa3c867ddc72995ce8ffbe1e85d29cdf4790764dd","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-1152.002","next":"us-tx/tex.-insurance-code-1152.052"},"notice":"GroundRules: Original legal text. Not legal advice."}