Sec. 1152.203. RULES. In addition to any rules adopted under Section 1152.002, the commissioner may adopt reasonable rules that apply only to a modified guaranteed contract, to appropriately regulate:
(1) a modified guaranteed contract under this chapter; and
(2) the separate account maintained in relation to a modified guaranteed contract.
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 E. Modified Guaranteed Contracts
Section 1152.202. Applicability of Laws Governing Life Insurance Companies