Texas Insurance Code

§ 1107.104 — COMPUTATION OF DEATH BENEFIT

IN § 1107.104Title 7. LIFE INSURANCE AND ANNUITIES · Part A. LIFE INSURANCE IN GENERAL · Ch. 1107. STANDARD NONFORFEITURE LAW FOR CERTAIN ANNUITIES · Art. C. VALUE OF NONFORFEITURE BENEFITS

Statute text

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The value of a death benefit available under an annuity contract that provides a cash surrender benefit may not be less than the value of the cash surrender benefit.

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.