1107.002 – EXEMPTIONS. (a) This chapter does not apply
Texas Insurance Code § 1107.002
Summary
This law outlines specific exemptions from the chapter, indicating that certain contracts, such as reinsurance and group annuities under employer-sponsored plans, are not subject to its provisions. It primarily affects insurers and employers involved in these types of contracts.
Exempts reinsurance contracts from chapter applicability.
Group annuities under employer plans are also exempt.
Does not apply to individual retirement accounts or annuities.
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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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