Tex.
Ins. Code Section 1115.003
Applicability; Exemptions
(a)
This chapter applies to any sale of an annuity.(b)
Unless otherwise specifically included, this chapter does not apply to transactions involving:(1)
direct response solicitations if there is no recommendation based on information collected from the consumer under this chapter;(2)
contracts used to fund:(A)
an employee pension benefit plan or employee welfare benefit plan covered by the Employee Retirement Income Security Act of 1974 (29 U.S.C. Section 1001 et seq.);(B)
a plan described by Section 401(a), 401(k), 403(b), 408(k), or 408(p), Internal Revenue Code of 1986, if established or maintained by an employer;(C)
a government or church plan, as defined by Section 414, Internal Revenue Code of 1986, a government or church welfare benefit plan, or a deferred compensation plan of a state or local government or tax exempt organization described under Section 457, Internal Revenue Code of 1986; or(D)
a nonqualified deferred compensation arrangement established or maintained by an employer or plan sponsor;(3)
settlements of or assumptions of liabilities associated with personal injury litigation or any dispute or claim resolution process; or(4)
prepaid funeral benefits contracts, as defined by Chapter 154 (Prepaid Funeral Services), Finance Code.
Source:
Section 1115.003 — Applicability; Exemptions, https://statutes.capitol.texas.gov/Docs/IN/htm/IN.1115.htm#1115.003 (accessed May 11, 2024).
