1105.003 – EXEMPTIONS. (a) This chapter does not apply
Texas Insurance Code § 1105.003
Summary
This law outlines specific exemptions from the regulations of the Texas Insurance Code, indicating which types of insurance products are not subject to these rules. It primarily affects insurers and policyholders by clarifying which insurance contracts are excluded from regulatory oversight.
Exempts reinsurance and group insurance from regulations.
Excludes certain annuity contracts and term policies.
Defines specific criteria for exempt term policies.
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In simple terms: Learn about Texas's EXEMPTIONS. (a) This chapter does not apply law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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