Section 1701.006 - Exemption For Certain Group Annuity Transactions(a) The filing and approval requirements in this chapter do not apply to any group annuity policy, certificate, or contract written or issued by an insurer authorized to engage in the business of insurance in this state that involves use of a separate account if benefits would also have guarantees from an insurer's general account. (b) For purposes of this section, a group annuity policy, certificate, or contract includes a single premium group annuity policy, certificate, or contract that is negotiated between an insurer and an applicable group or plan sponsor. Tex. Ins. Code § 1701.006
Added by Acts 2023, Texas Acts of the 88th Leg.- Regular Session, ch. 412,Sec. 3, eff. 6/9/2023.