{"data":{"id":"us-tx/tex.-insurance-code-887.401","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 887.401","heading":"RESERVES ON INDIVIDUAL LIFE INSURANCE CERTIFICATES.","body":"(a) An association shall reserve an individual life insurance certificate insuring one or more persons at individual premiums for each person as provided by this section.\n(b) An association shall maintain reserves on each of its individual life insurance certificates in accordance with the reserve standard adopted by the association and approved by the commissioner. The standard must provide reserves that in the aggregate are at least equal to the reserve amounts computed using the 1956 Chamberlain Reserve Table with interest not to exceed 3-1/2 percent a year. An association may use the 1956 Chamberlain Reserve Table with interest not to exceed 3-1/2 percent a year.\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 887. PROVISIONS APPLICABLE TO CERTAIN MUTUAL ASSESSMENT COMPANIES","SUBCHAPTER I. RESERVES"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.887.htm#887.401","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"f35efc113f7093cb7e53827ac6f58c8be013b129ac1f55a83c03ac0abf5f1110","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-887.360","next":"us-tx/tex.-insurance-code-887.402"},"notice":"GroundRules: Original legal text. Not legal advice."}