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Tex. Ins. Code § 102.051

NOT INSURANCE; EFFECT OF CERTAIN LAWS

Added by Acts 1999, 76th Leg., ch. 101, Sec. 1, eff

The issuance of a qualified charitable gift annuity:

(1) does not constitute engaging in the business of insurance in this state;

(2) does not violate Section 15.05 or 17.46, Business & Commerce Code; and

(3) is not an unconscionable action or course of action for purposes of Section 17.50(a)(3), Business & Commerce Code.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.