{"data":{"id":"us-tx/tex.-insurance-code-884.454","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 884.454","heading":"COMMISSIONER'S COMPUTATION OF RESERVE LIABILITY.","body":"(a) As soon as practical each year, the department shall compute the reserve liability of each stipulated premium company that has outstanding insurance policies.\n(b) To make the computations, the department:\n(1) shall use the net premium basis in accordance with the reserve table and interest rate adopted by the stipulated premium company and approved by the commissioner; and\n(2) may use group methods and approximate averages for fractions of a year.\n(c) The reserve liability may be computed on not more than a one-year preliminary term with allowance for any deficiency reserve under Section 884.453.\nAdded by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.","path":["INSURANCE CODE","TITLE 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES","SUBTITLE E. MUTUAL AND FRATERNAL COMPANIES AND RELATED ENTITIES","CHAPTER 884. STIPULATED PREMIUM INSURANCE COMPANIES","SUBCHAPTER J. RESERVES"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.884.htm#884.454","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"8b98ded4c9833508a301868cf646b8a75f8a3528d90b29917834665b425f0e54","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-884.453","next":"us-tx/tex.-insurance-code-884.455"},"notice":"GroundRules: Original legal text. Not legal advice."}