{"data":{"id":"us-tx/tex.-insurance-code-1152.053","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 1152.053","heading":"TRANSFER OF ASSETS BETWEEN SEPARATE ACCOUNTS.","body":"(a) Except as provided by Subsection (b), an insurance company may not sell, exchange, or otherwise transfer an asset between the company's separate accounts or between any other investment account and a separate account unless:\n(1) in case of a transfer into a separate account, the transfer is made solely to establish the account or to support the operation of a contract regarding the separate account to which the transfer was made; and\n(2) the transfer, whether into or from a separate account, is made:\n(A) by a transfer of cash; or\n(B) by a transfer of securities if the securities have a readily determinable market value and the commissioner approves the transfer.\n(b) The commissioner may approve a transfer between accounts other than a transfer described by Subsection (a) if, in the commissioner's opinion, the transfer would not be inequitable.\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#1152.053","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"d06d950371e41ea66e1fb5d56c478b75123340a7aa2dbcee596a12e7d0fe9325","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-1152.052","next":"us-tx/tex.-insurance-code-1152.054"},"notice":"GroundRules: Original legal text. Not legal advice."}