Texas Insurance Code

§ 885.404 — MORTALITY TABLES; INTEREST RATES

IN § 885.404Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part E. MUTUAL AND FRATERNAL COMPANIES AND RELATED ENTITIES · Ch. 885. FRATERNAL BENEFIT SOCIETIES · Art. I. REGULATION OF FRATERNAL BENEFIT SOCIETIES

Statute text

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(a)In valuing benefit certificates under Section 885.403, a fraternal benefit society, at the option of the society, may use:

(1)the National Fraternal Congress Table of Mortality, as adopted by the National Fraternal Congress, August 23, 1899;

(2)any table producing reserves in the aggregate at least as great as the reserves produced by the table described by Subdivision (1);

(3)the Commissioners 1941 Standard Ordinary Mortality Table;

(4)the Commissioners 1958 Standard Ordinary Mortality Table; or

(5)except as provided by Subsection (e), a table based on the society's own experience of at least 20 years and covering at least 100,000 lives.

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Legislative history

Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 2E.095, eff. April 1, 2009.