Texas Insurance Code

§ 425.060 — APPLICABILITY OF CALENDAR YEAR STATUTORY VALUATION INTEREST RATES

IN § 425.060Title 4. REGULATION OF SOLVENCY · Part B. RESERVES AND INVESTMENTS · Ch. 425. RESERVES AND INVESTMENTS FOR LIFE INSURANCE · Art. B. STANDARD VALUATION LAW

Statute text

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The calendar year statutory valuation interest rates as defined by Sections 425.061, 425.062, and 425.063 are the interest rates used in determining the minimum standard for the valuation of:

(1)a life insurance policy to which Subchapter B, Chapter 1105, applies;

(2)an individual annuity or pure endowment contract issued on or after January 1, 1982;

(3)an annuity or pure endowment purchased on or after January 1, 1982, under a group annuity or pure endowment contract; or

(4)the net increase, if any, in a calendar year after January 1, 1982, in amounts held under a guaranteed interest contract.

Legislative history

Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.