Tex. Ins. Code § 1152.106

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

Section 1152.106 - Reserve Liability for Variable Contract

The reserve liability for a variable contract must be established under actuarial procedures that recognize:

(1) the variable nature of the benefits provided; and

(2) any mortality guarantees.

Tex. Ins. Code § 1152.106

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