(a) For an annuity contract that provides for the payment of fixed, scheduled considerations, the minimum nonforfeiture amount is computed in the same manner as the minimum nonforfeiture amount for an annuity contract with flexible considerations that are paid annually, except that:
(1) the amount of net consideration for a contract year is computed using an annual contract charge equal to the lesser of:
(A) $30; or
(B) 10 percent of the amount of the gross annual considerations paid on the contract; and
(2) the percentage of the net consideration amount for the first contract year to be used to compute the minimum nonforfeiture amount is 65 percent of the amount of net consideration for the first contract year plus 22.5 percent of the amount by which the amount of net consideration for the first contract year exceeds the lesser of:
(A) the amount of net consideration for the second contract year; or
(B) the amount of net consideration for the third contract year.
(b) The computation made under Subsection (a) must assume that the considerations are paid annually in advance.