Tex. Ins. Code § 1152.052

OWNERSHIP OF AMOUNTS IN SEPARATE ACCOUNT

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff

(a) An insurance company owns an amount allocated to a separate account under this subchapter.

(b) The company is not and may not represent itself as a trustee regarding an amount allocated to a separate account under this subchapter.

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