Annuities and Endowment Insurance Prohibited

Tex. Insurance Code § 1131.457, under Group Life Insurance and Wholesale, Franchise, Or Employee Life Insurance.

Tex. Insurance Code § 1131.457

Sec. 1131.457. ANNUITIES AND ENDOWMENT INSURANCE PROHIBITED. The insurance issued may not include annuities or endowment insurance. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003. SUBCHAPTER K. GROUP LIFE INSURANCE POLICIES ISSUED TO NONPROFIT ORGANIZATIONS OR ASSOCIATIONS: ADDITIONAL REQUIREMENTS