1152.054 – COMPLIANCE WITH FEDERAL OR STATE LAW FOR
Texas Insurance Code § 1152.054
Summary
This law allows insurance companies to establish voting rights and special procedures for separate accounts to comply with federal or state laws. It affects insurance companies managing separate accounts, including investment companies and unit trusts.
Applies to insurance companies managing separate accounts.
Ensures compliance with federal or state regulations.
Allows for voting rights and special business procedures.
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In simple terms: Learn about Texas's COMPLIANCE WITH FEDERAL OR STATE LAW FOR 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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