28 Tex. Admin. Code § 3.1002 - Purpose
It is the purpose of this subchapter:
(1) to encourage a company's awareness that
imprudent guarantees on annuity contracts and miscellaneous funds may lead to a
hazardous financial condition, and to call attention of the fact that the
commissioner of insurance may wish to make use of the early warning
system;
(2) to provide for proper
disclosure of benefits provided by annuity contracts and miscellaneous funds;
and
(3) to clarify the
interpretation of Insurance Code Chapter 425, Subchapter B, as it relates to
the computation of reserves for annuity contracts and miscellaneous
funds.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.