Texas Insurance Code § 1152.059 Separate Account Not Chargeable With Other Liabilities

Sec. 1152.059. SEPARATE ACCOUNT NOT CHARGEABLE WITH OTHER LIABILITIES. To the extent provided under the applicable contracts, the portion of a separate account's assets equal to the reserves and other contract liabilities regarding that account is not chargeable with a liability arising out of any other business of the insurance company.

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.

Section: Previous  1152.052  1152.053  1152.054  1152.055  1152.056  1152.057  1152.058  1152.059  1152.101  1152.102  1152.103  1152.104  1152.105  1152.106  1152.107  Next

Last modified: September 28, 2016