Texas Insurance Code Chapter 1117 > Subchapter A – General Provisions
Current as of: 2024 | Check for updates
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Other versions
| § 1117.001 | Purpose |
| § 1117.002 | Definitions |
| § 1117.003 | Applicability of Chapter; Construction With Other Law |
Terms Used In Texas Insurance Code Chapter 1117 > Subchapter A - General Provisions
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.