Insurance Code § 1107.002

Sec. 1107.002. EXEMPTIONS. (a) This chapter does not apply to: (1) a reinsurance contract; (2) a group annuity contract that is purchased under a retirement plan or plan of deferred compensation established or maintained by an employer, including a partnership or sole proprietorship, by an employee organization, or by both, other than a plan that provides individual retirement accounts or individual retirement annuities under Section 408, Internal Revenue Code of 1986, as amended; (3) a premium deposit fund; (4) a variable annuity contract; (5) an investment annuity contract; (6) an immediate annuity contract; (7) a deferred annuity contract under which annuity payments have begun; (8) a reversionary annuity contract; or (9) a contingent deferred annuity contract as defined by Section 1116.003. (b) This chapter does not apply to a contract delivered outside this state through an agent or other representative of the company that issues the contract. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003. Amended by Acts 2003, 78th Leg., ch. 869, Sec. 1, eff. June 20, 2003. Amended by: Acts 2015, 84th Leg., R.S., Ch. 375 (S.B. 1107), Sec. 1, eff. June 9, 2015.