§ 1152.101 Sole Authority to Regulate Variable Contracts
§ 1152.102 Authorization Required for Variable Contracts
§ 1152.103 Consideration of Company’s Condition or Method of Operation
§ 1152.104 Authorization for Subsidiary or Affiliate of Authorized Life Insurance Company
§ 1152.105 Waiver of Hearing Requirement
§ 1152.106 Reserve Liability for Variable Contract
§ 1152.107 Separate Annual Statement Required
§ 1152.108 Grace, Reinstatement, and Nonforfeiture Provisions Required
§ 1152.109 Variable Benefits Provisions
§ 1152.110 Private Placement Contracts
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Terms Used In Texas Insurance Code Chapter 1152 > Subchapter C - Variable Contracts

  • 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.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Grace period: The number of days you'll have to pay your bill for purchases in full without triggering a finance charge. Source: Federal Reserve