Tex. Ins. Code § 1152.058

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 1152.058 - Asset Valuation in Separate Account

An asset allocated to a separate account is valued:

(1) at its market value on the date of valuation;

(2) as provided under a contract, rule, or other written agreement applicable to the separate account, if a readily available market does not exist;

(3) as provided by the rules otherwise applicable to the insurance company's assets for any portion of the assets that is equal to the company's reserve liability with regard to the guaranteed benefits and funds under Section 1152.055; or

(4) under any other method approved by the commissioner.

Tex. Ins. Code § 1152.058

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. 6/1/2003.