1152.202 – APPLICABILITY OF LAWS GOVERNING LIFE INSURANCE
Texas Insurance Code § 1152.202
Summary
This law mandates that Texas regulations for life insurance company investments also apply to certain separate accounts linked to modified guaranteed contracts. It ensures that these accounts adhere to state investment laws unless the commissioner grants an exception.
Applies to separate accounts for modified guaranteed contracts.
Requires compliance with state investment laws.
Exceptions can be granted by the commissioner.
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In simple terms: Learn about Texas's APPLICABILITY OF LAWS GOVERNING LIFE INSURANCE 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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