{"data":{"id":"us-tx/tex.-insurance-code-1152.054","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 1152.054","heading":"COMPLIANCE WITH FEDERAL OR STATE LAW FOR SEPARATE ACCOUNT.","body":"(a) To comply with a federal or state law, an insurance company with respect to any separate account, including a separate account that is a management investment company or a unit investment trust, may, to the extent the company considers it necessary, provide:\n(1) for appropriate voting and other rights for persons who have an interest in the account; and\n(2) special rights and procedures to conduct the business of the account, including rights and procedures related to:\n(A) investment policy;\n(B) investment advisory services;\n(C) selection of independent public accountants; and\n(D) selection of a committee to manage the business of the account.\n(b) The members of a committee selected under Subsection (a)(2)(D) are not required to be affiliated with the company.\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#1152.054","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"60769df446507b99a17c3fbab8df921bf541a6cfc701d10c10664d66d2076c34","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-1152.053","next":"us-tx/tex.-insurance-code-1152.055"},"notice":"GroundRules: Original legal text. Not legal advice."}