1154.051 – ESTABLISHMENT OF FUNDING AGREEMENTS. (a) A
Texas Insurance Code § 1154.051
Summary
This law allows life insurers to create funding agreements that provide income streams for purchasers or fund future liabilities. It specifically applies to accredited investors, ensuring that only qualified individuals or entities can enter into such agreements.
Life insurers can issue funding agreements for income generation.
Applicable to accredited investors only.
Funding agreements can support future liabilities or programs.
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In simple terms: Learn about Texas's ESTABLISHMENT OF FUNDING AGREEMENTS. (a) A 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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