Sec. 1152.056. INVESTMENT LIMITS NOT APPLICABLE TO SEPARATE ACCOUNT. 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.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.
Structure Texas Statutes
Title 7 - Life Insurance and Annuities
Subtitle C - Specialized Coverages
Chapter 1152 - Separate Accounts, Variable Contracts, and Related Products
Subchapter B. Separate Accounts
Section 1152.051. Establishment of Separate Accounts
Section 1152.052. Ownership of Amounts in Separate Account
Section 1152.053. Transfer of Assets Between Separate Accounts
Section 1152.054. Compliance With Federal or State Law for Separate Account
Section 1152.055. Guaranteed Benefits and Money Restriction for Separate Accounts
Section 1152.056. Investment Limits Not Applicable to Separate Account
Section 1152.057. Allocation of Income, Gains, or Losses on Separate Account
Section 1152.058. Asset Valuation in Separate Account
Section 1152.059. Separate Account Not Chargeable With Other Liabilities