Statutes, codes, and regulations
Texas Administrative Code
Title 28 - INSURANCEPart 1 - TEXAS DEPARTMENT OF INSURANCEChapter 3 - LIFE, ACCIDENT, AND HEALTH INSURANCE AND ANNUITIES
Subchapter K - MAXIMUM GUARANTEED INTEREST RATES FOR ANNUITIES, PURE ENDOWMENT CONTRACTS, AND MISCELLANEOUS FUNDS
Section 3.1005 - Reserve Requirements

28 Tex. Admin. Code § 3.1005

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Current through Reg. 49, No. 49; December 6, 2024
Section 3.1005 - Reserve Requirements

The Standard Valuation Law, as it appears in Texas statutes, discusses interest rates appropriate for the calculation of minimum reserves. The Standard Valuation Law also defines the commissioner's annuity reserve method which is required to be used to compute the minimum reserves for annuity and pure endowment contracts. Reserves must never be less than corresponding cash values.

28 Tex. Admin. Code § 3.1005

The provisions of this §3.1005 adopted to be effective January 1, 1976; amended to be effective December 10, 1982, 7 TexReg 4106.