Annuity Contracts

Sec. 1108.002. ANNUITY CONTRACTS. For purposes of regulation under this code, an annuity contract is considered an insurance policy or contract if the annuity contract is issued: (1) by a life, health, or accident insurance company, including a mutual company or fraternal benefit society; or (2) under an annuity or benefit plan used by an employer or individual. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003. SUBCHAPTER B. EXEMPTIONS FROM SEIZURE