Texas § IN.884.307 - ISSUANCE OF ANNUITY CONTRACT

Full text of Texas The Texas Constitution § IN.884.307 — ISSUANCE OF ANNUITY CONTRACT, with citation guidance and answers to common questions.

§ IN.884.307. ISSUANCE OF ANNUITY CONTRACT

ISSUANCE OF ANNUITY CONTRACT. (a) A stipulated premium company that possesses capital and unencumbered surplus in a combined amount of at least $100,000 more than all of its liabilities, including contingent liabilities, may issue annuity contracts as authorized by Chapters 3 and 1701 and Title 7. (b) The stipulated premium company shall maintain reserves on the contracts in accordance with the statutes governing reserves on equivalent contracts issued by a legal reserve company. (c) A stipulated premium company that writes annuity contracts under this section shall maintain capital and unencumbered surplus in at least the combined amount required by Subsection (a). (d) A stipulated premium company that does not comply with Subsection (c) is considered to be insolvent. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003. Amended by: Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636 ), Sec. 2E.082, eff. April 1, 2009.

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

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Frequently Asked Questions About Texas § IN.884.307

What does The Texas Constitution § IN.884.307 cover?

Section IN.884.307 ("ISSUANCE OF ANNUITY CONTRACT") 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.884.307?

A common citation format is "The Texas Constitution § IN.884.307" (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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