Texas Administrative Code
Title 28 - INSURANCE
Part 1 - TEXAS DEPARTMENT OF INSURANCE
Chapter 3 - LIFE, ACCIDENT, AND HEALTH INSURANCE AND ANNUITIES
Subchapter K - MAXIMUM GUARANTEED INTEREST RATES FOR ANNUITIES, PURE ENDOWMENT CONTRACTS, AND MISCELLANEOUS FUNDS
Section 3.1003 - Unallocated Group Annuity

An unallocated group annuity is a contract covering multiple lives issued to an employer or trustee as the policyholder or contract holder or similar term where the values under the contract are not allocated to specific individuals. This definition specifically includes deposit administration contracts where no allocation of funds to specific individuals is made except to provide a cash benefit such as at death, termination of employment, or retirement.