Tex. Ins. Code § 1154.002

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

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; and

(2) clarify and codify the existing law pertaining to funding agreements, guaranteed investment contracts, and synthetic guaranteed investment contracts.

(b) This chapter shall be liberally construed.

Tex. Ins. Code § 1154.002

Added by Acts 2015, Texas Acts of the 84th Leg. - Regular Session, ch. 1187,Sec. 2, eff. 9/1/2015.