Tex. Ins. Code § 1152.201

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

Section 1152.201 - Definition

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.

Tex. Ins. Code § 1152.201

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