Tex. Ins. Code § 1152.106

RESERVE LIABILITY FOR VARIABLE CONTRACT

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff

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.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.