Texas § IN.1154.051 - ESTABLISHMENT OF FUNDING AGREEMENTS

Full text of Texas The Texas Constitution § IN.1154.051 — ESTABLISHMENT OF FUNDING AGREEMENTS, with citation guidance and answers to common questions.

§ IN.1154.051. ESTABLISHMENT OF FUNDING AGREEMENTS

ESTABLISHMENT OF FUNDING AGREEMENTS. (a) A life insurer may issue a funding agreement to generate an income stream for the purchaser of the agreement or fund a future liability or program of the purchaser or the purchaser's designee. A life insurer may issue a funding agreement to: (1) an accredited investor, as defined by 17 C.F.R. Section 230.501; (2) a governmental body; or (3) an institution with assets in excess of $25 million. (b) A life insurer that issues a funding agreement in this state engages in the business of insurance for the purpose of regulation. Added by Acts 2015, 84th Leg., R.S., Ch. 1187 (S.B. 1196 ), Sec. 2, eff. September 1, 2015. SUBCHAPTER C. GUARANTEED INVESTMENT CONTRACTS

Source: official Texas text · Last verified 2026-08-27

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Frequently Asked Questions About Texas § IN.1154.051

What does The Texas Constitution § IN.1154.051 cover?

Section IN.1154.051 ("ESTABLISHMENT OF FUNDING AGREEMENTS") 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.

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A common citation format is "The Texas Constitution § IN.1154.051" (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.

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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.

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