Tex. Ins. Code § 1152.056

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 1152.056 - Investment Limits Not Applicable to Separate Account

Except as provided by Section 1152.055:

(1) an amount allocated to a separate account, including an accumulation on that amount, may be invested without regard to a law of this state governing a life insurance company investment; and

(2) an investment in a separate account may not be considered in applying an investment limit otherwise applicable to the insurance company.

Tex. Ins. Code § 1152.056

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. 6/1/2003.