Texas Insurance Code Title 7, Chapter 1154 - Funding Agreements, Guaranteed Investment Contracts, And Synthetic Guaranteed Investment Contracts

SUBCHAPTER A GENERAL PROVISIONS

• Texas Section 1154.001 - Short Title
  This chapter may be cited as the Act for the Regulation of Funding Agreements, Guaranteed Investment Contracts, and Synthetic Guaranteed Investment Contracts. Added by Acts...
• Texas Section 1154.002 - Purpose; Legislative Intent; Construction
  (a) The purpose of this chapter is to: (1) promote the public welfare by regulating funding agreements, guaranteed investment contracts, and synthetic guaranteed investment contracts;...
• Texas Section 1154.003 - Definitions
  In this chapter: (1) "Annuity contract" means a contract, including a funding agreement, guaranteed investment contract, and synthetic guaranteed investment contract, issued by a life...
• Texas Section 1154.004 - Applicability Of Certain Other Law
  Chapters 521, 1107, 1115, and 1131 do not apply to funding agreements, guaranteed investment contracts, or synthetic guaranteed investment contracts without mortality or morbidity contingencies....

SUBCHAPTER B FUNDING AGREEMENTS

• Texas Section 1154.005 - Rules
  The commissioner may adopt rules to implement or clarify this chapter. Added by Acts 2015, 84th Leg., R.S., Ch. 1187 (S.B. 1196), Sec. 2, eff....

SUBCHAPTER C GUARANTEED INVESTMENT CONTRACTS

• Texas Section 1154.051 - Establishment Of Funding Agreements
  (a) A life insurer may issue a funding agreement to generate an income stream for the purchaser of the agreement or fund a future liability...
• Texas Section 1154.101 - Establishment Of Guaranteed Investment Contracts
  A life insurer may issue a guaranteed investment contract to provide a benefit in a fixed amount or a variable amount or a fixed amount...

Last modified: September 28, 2016