Texas Insurance Code

§ 1107.051 — MINIMUM NONFORFEITURE AMOUNT

IN § 1107.051Title 7. LIFE INSURANCE AND ANNUITIES · Part A. LIFE INSURANCE IN GENERAL · Ch. 1107. STANDARD NONFORFEITURE LAW FOR CERTAIN ANNUITIES · Art. B. COMPUTATION OF MINIMUM NONFORFEITURE AMOUNT

Statute text

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The minimum value under Subchapter C of a paid-up annuity, cash surrender, or death benefit shall be computed on the basis of the minimum nonforfeiture amount prescribed by this subchapter.

Legislative history

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003. Amended by Acts 2003, 78th Leg., ch. 869, Sec. 1, eff. June 20, 2003.