Texas § IN.1116.003 - RULEMAKING AUTHORITY FOR CONTINGENT DEFERRED ANNUITY CONTRACTS
Full text of Texas The Texas Constitution § IN.1116.003 — RULEMAKING AUTHORITY FOR CONTINGENT DEFERRED ANNUITY CONTRACTS, with citation guidance and answers to common questions.
§ IN.1116.003. RULEMAKING AUTHORITY FOR CONTINGENT DEFERRED ANNUITY CONTRACTS
RULEMAKING AUTHORITY FOR CONTINGENT DEFERRED ANNUITY CONTRACTS. (a) In this section, "contingent deferred annuity contract" means an annuity contract in which a life insurer makes periodic payments for the annuitant's lifetime beginning when a designated investment that is not owned or held by the insurer is depleted to an amount specified by the contract due to contractually permitted withdrawals, market performance, fees, or other charges. (b) The commissioner by rule may adopt reasonable standards for contingent deferred annuity contracts, including standards for: (1) the procedures for department review and approval of contingent deferred annuity contracts and the criteria the department will use in approving the contracts; (2) replacement, suitability, and disclosure requirements that are consistent with applicable model regulations developed by the National Association of Insurance Commissioners; and (3) advertising of contingent deferred annuity contracts that are consistent with applicable model regulations developed by the National Association of Insurance Commissioners. Added by Acts 2015, 84th Leg., R.S., Ch. 375 (S.B. 1107 ), Sec. 2, eff. June 9, 2015.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § IN.1116.003
What does The Texas Constitution § IN.1116.003 cover?
Section IN.1116.003 ("RULEMAKING AUTHORITY FOR CONTINGENT DEFERRED ANNUITY CONTRACTS") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § IN.1116.003?
A common citation format is "The Texas Constitution § IN.1116.003" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § IN.1116.003 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.