Tex. Insurance Code § 1152.201
This is the official text of Tex. Insurance Code § 1152.201, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 1152.201. DEFINITION.
Official statutory text
In this subchapter, "modified guaranteed contract" means an individual life insurance policy or deferred annuity contract as to which:
(1) the underlying assets are held in a separate account; and
(2) the values are guaranteed if the policy or contract is held for a specified period.
(1) the underlying assets are held in a separate account; and
(2) the values are guaranteed if the policy or contract is held for a specified period.
Status: in_force · Read it on the official government site
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