Sec. 1152.105. WAIVER OF HEARING REQUIREMENT. (a) If a company, its parent, or a commonly controlled affiliate is an authorized life insurance company, the company may apply to the commissioner for a waiver of the hearing requirements under Section 1152.102 or 1152.104.
(b) The commissioner may waive the hearing requirement if the commissioner determines that a hearing is not necessary to find the company qualified under this subchapter.
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 C. Variable Contracts
Section 1152.101. Sole Authority to Regulate Variable Contracts
Section 1152.102. Authorization Required for Variable Contracts
Section 1152.103. Consideration of Company's Condition or Method of Operation
Section 1152.104. Authorization for Subsidiary or Affiliate of Authorized Life Insurance Company
Section 1152.105. Waiver of Hearing Requirement
Section 1152.106. Reserve Liability for Variable Contract
Section 1152.107. Separate Annual Statement Required
Section 1152.108. Grace, Reinstatement, and Nonforfeiture Provisions Required