Separate Annual Statement Required

Sec. 1152.107. SEPARATE ANNUAL STATEMENT REQUIRED. (a) An insurance company authorized under this subchapter to issue, deliver, or use a variable annuity contract or variable life contract shall file with the department a separate annual statement of its separate variable contract accounts. (b) The company shall file the statement: (1) on a form prescribed or approved by the department; and (2) simultaneously with the annual statement required by Sections 841.255 and 882.003. (c) The statement must: (1) include details as to all income, disbursements, assets, and liability items associated with the separate variable contract accounts; and (2) be under oath of two company officers. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.