GroundRules
Tex. Insurance Code § 1152.106: RESERVE LIABILITY FOR VARIABLE CONTRACT.
Where this section sits in the code
- INSURANCE CODE
- TITLE 7. LIFE INSURANCE AND ANNUITIES
- SUBTITLE C. SPECIALIZED COVERAGES
- CHAPTER 1152. SEPARATE ACCOUNTS, VARIABLE CONTRACTS, AND RELATED PRODUCTS
- SUBCHAPTER C. VARIABLE CONTRACTS
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.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.
Collected 2026-08-27T01:47:21Z. Source file · JSON