Public-domain · open source
OpenJurist

Tex. Ins. Code § 1152.056

INVESTMENT LIMITS NOT APPLICABLE TO SEPARATE ACCOUNT

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

Except as provided by Section 1152.055:

(1) an amount allocated to a separate account, including an accumulation on that amount, may be invested without regard to a law of this state governing a life insurance company investment; and

(2) an investment in a separate account may not be considered in applying an investment limit otherwise applicable to the insurance company.

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