Tex. Insurance Code § 1152.055
This is the official text of Tex. Insurance Code § 1152.055, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 1152.055. GUARANTEED BENEFITS AND MONEY RESTRICTION FOR SEPARATE ACCOUNTS.
Official statutory text
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.
Status: in_force · Read it on the official government site
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