§ 1152.051 Establishment of Separate Accounts
§ 1152.052 Ownership of Amounts in Separate Account
§ 1152.053 Transfer of Assets Between Separate Accounts
§ 1152.054 Compliance With Federal or State Law for Separate Account
§ 1152.055 Guaranteed Benefits and Money Restriction for Separate Accounts
§ 1152.056 Investment Limits Not Applicable to Separate Account
§ 1152.057 Allocation of Income, Gains, or Losses On Separate Account
§ 1152.058 Asset Valuation in Separate Account
§ 1152.059 Separate Account Not Chargeable With Other Liabilities
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Terms Used In Texas Insurance Code Chapter 1152 > Subchapter B - Separate Accounts

  • 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.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Contract: A legal written agreement that becomes binding when signed.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Rule: includes regulation. See Texas Government Code 311.005
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • Trustee: A person or institution holding and administering property in trust.
  • Written: includes any representation of words, letters, symbols, or figures. See Texas Government Code 311.005