{"data":{"id":"us-tx/tex.-insurance-code-1152.055","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 1152.055","heading":"GUARANTEED BENEFITS AND MONEY RESTRICTION FOR SEPARATE ACCOUNTS.","body":"A domestic insurance company may not maintain a reserve for a benefit guaranteed as to dollar amount and duration or funds guaranteed as to principal amount or stated rate of interest in a separate account except with the commissioner's approval and under conditions for investments, and other matters, that recognize the guaranteed nature of the benefits provided and that are prescribed by the department.\nAdded by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.\nAmended by:\nActs 2023, 88th Leg., R.S., Ch. 412 (H.B. 1587), Sec. 2, eff. June 9, 2023.","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#1152.055","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"e833b294f27eadfb0f89b8ba2b9b7cbecde1cacd9d4184b84d1d9d862cfff8a3","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-1152.054","next":"us-tx/tex.-insurance-code-1152.056"},"notice":"GroundRules: Original legal text. Not legal advice."}