1152.057 – ALLOCATION OF INCOME, GAINS, OR LOSSES ON
Texas Insurance Code § 1152.057
Summary
This law requires insurance companies to manage income, gains, or losses from assets in a separate account independently from their overall financial performance. This ensures that the financial results of the separate account are not influenced by the company's other income or losses.
Income and losses must be allocated to a separate account.
Realized or unrealized gains are considered.
Independent management from the company's overall finances is required.
Frequently Asked Questions
Why Attorneys Choose FlawFinder
Side-by-side with Westlaw and LexisNexis
Feature
FlawFinder
Westlaw
LexisNexis
Monthly price
$19 - $99
$133 - $646
$153 - $399
Contract
None
1-3 year min
1-6 year min
Hidden fees
$0, always
Up to $469/search
$25/mo + per-doc
Police SOPs
✓ 310+ departments
✗
✗
Zero-hallucination AI
✓ CitationGuard
✗
✗
Cancel
One click
Termination fees
No option to cancel
Explain Like I'm 5
In simple terms: Learn about Texas's ALLOCATION OF INCOME, GAINS, OR LOSSES ON law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
FlawFinder provides legal information, not legal advice. Consult a licensed attorney for specific legal guidance.