Section 1107.002 - Exemptions(a) This chapter does not apply to:(1) a reinsurance contract;(2) a group annuity contract that is purchased under a retirement plan or plan of deferred compensation established or maintained by an employer, including a partnership or sole proprietorship, by an employee organization, or by both, other than a plan that provides individual retirement accounts or individual retirement annuities under Section 408, Internal Revenue Code of 1986, as amended;(3) a premium deposit fund;(4) a variable annuity contract;(5) an investment annuity contract;(6) an immediate annuity contract;(7) a deferred annuity contract under which annuity payments have begun;(8) a reversionary annuity contract; or(9) a contingent deferred annuity contract as defined by Section 1116.003.(b) This chapter does not apply to a contract delivered outside this state through an agent or other representative of the company that issues the contract.Tex. Ins. Code § 1107.002
Amended by Acts 2015, Texas Acts of the 84th Leg. - Regular Session, ch. 375,Sec. 1, eff. 6/9/2015.Amended by Acts 2003, 78th Leg., ch. 869, Sec. 1, eff. 6/20/2003.Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. 6/1/2003.