Texas Insurance Code Chapter 1117 > Subchapter B – Use of Senior-Specific Certifications and
Current as of: 2024 | Check for updates
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Other versions
| § 1117.051 | Certain Uses of Senior-Specific Certifications and Designations Prohibited |
| § 1117.052 | Applicability to Certain Financial Services |
Terms Used In Texas Insurance Code Chapter 1117 > Subchapter B - Use of Senior-Specific Certifications and
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.