Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 1152.052 - Ownership of Amounts in Separate Account(a) An insurance company owns an amount allocated to a separate account under this subchapter.(b) The company is not and may not represent itself as a trustee regarding an amount allocated to a separate account under this subchapter.
Tex. Ins. Code § 1152.052
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. 6/1/2003.