Texas § IN.1115.003 - APPLICABILITY
Full text of Texas The Texas Constitution § IN.1115.003 — APPLICABILITY, with citation guidance and answers to common questions.
§ IN.1115.003. APPLICABILITY
APPLICABILITY; EXEMPTIONS. (a) This chapter applies to any sale of an annuity. (b) Unless otherwise specifically included, this chapter does not apply to transactions involving: (1) direct response solicitations if there is no recommendation based on information collected from the consumer under this chapter; (2) contracts used to fund: (A) an employee pension benefit plan or employee welfare benefit plan covered by the Employee Retirement Income Security Act of 1974 (29 U.S.C. Section 1001 et seq.); (B) a plan described by Section 401(a), 401(k), 403(b), 408(k), or 408(p), Internal Revenue Code of 1986, if established or maintained by an employer; (C) a government or church plan, as defined by Section 414, Internal Revenue Code of 1986, a government or church welfare benefit plan, or a deferred compensation plan of a state or local government or tax exempt organization described under Section 457, Internal Revenue Code of 1986; or (D) a nonqualified deferred compensation arrangement established or maintained by an employer or plan sponsor; (3) settlements of or assumptions of liabilities associated with personal injury litigation or any dispute or claim resolution process; or (4) prepaid funeral benefits contracts, as defined by Chapter 154 , Finance Code. Added by Acts 2007, 80th Leg., R.S., Ch. 736 (H.B. 2761 ), Sec. 1, eff. September 1, 2007. Amended by: Acts 2011, 82nd Leg., R.S., Ch. 1156 (H.B. 2277 ), Sec. 8, eff. September 1, 2011. Acts 2021, 87th Leg., R.S., Ch. 262 (H.B. 1777 ), Sec. 4, eff. September 1, 2021.
Frequently Asked Questions About Texas § IN.1115.003
What does The Texas Constitution § IN.1115.003 cover?
Section IN.1115.003 ("APPLICABILITY") 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.1115.003?
A common citation format is "The Texas Constitution § IN.1115.003" (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.1115.003 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.