Sec. 1107.002. EXEMPTIONS. (a) This chapter does not apply to: (1) a reinsurance contract; (2) a group annuity contract that is purchased under a retirement plan or plan of deferred compensation established or maintained by an employer, including a partnership or sole proprietorship, by an employee organization, or by both, other than a plan that provides individual retirement accounts or individual retirement annuities under Section 408, Internal Revenue Code of 1986, as amended; (3) a premium deposit fund; (4) a variable annuity contract; (5) an investment annuity contract; (6) an immediate annuity contract; (7) a deferred annuity contract under which annuity payments have begun; (8) a reversionary annuity contract; or (9) a contingent deferred annuity contract as defined by Section 1116.003 . (b) This chapter does not apply to a contract delivered outside this state through an agent or other representative of the company that issues the contract.
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