Gavvy: Ins. Code, Sec. 1152.052. Ownership of Amounts in Separate Account.

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Sec. 1152.052. Ownership of Amounts in Separate Account.

Sec. 1152.052. OWNERSHIP OF AMOUNTS IN SEPARATE ACCOUNT. (a) An insurance company owns an amount allocated to a separate account under this subchapter.

(b) The company is not and may not represent itself as a trustee regarding an amount allocated to a separate account under this subchapter.

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.

Gavvy last updated this database on: Sep 6, 2024