Tex. Ins. Code § 1107.005
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
An annuity contract that does not provide a cash surrender benefit or that does not provide a death benefit that is at least equal to the minimum nonforfeiture amount for the contract under Subchapter B before annuity payments begin must include a statement in a prominent place in the contract that those benefits are not provided.
Tex. Ins. Code § 1107.005