The value of a death benefit available under an annuity contract that provides a cash surrender benefit may not be less than the value of the cash surrender benefit.
Tex. Ins. Code § 1107.104
COMPUTATION OF DEATH BENEFIT
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.