Tex. Ins. Code Section 1107.006
Maturity Date

In determining the value of benefits under Sections 1107.102 (Computation of Paid-up Annuity Benefit Under Certain Contracts), 1107.103 (Computation of Cash Surrender Benefit), and 1107.104 (Computation of Death Benefit), the maturity date is the latest date on which an election is permitted by the contract, but not later than the later of:

(1)

the next anniversary of the annuity contract that follows the annuitant’s 70th birthday; or

(2)

the 10th anniversary of the contract.
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.
Amended by:
Acts 2009, 81st Leg., R.S., Ch. 408 (H.B. 1919), Sec. 1, eff. September 1, 2009.

Source: Section 1107.006 — Maturity Date, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­1107.­htm#1107.­006 (accessed Jun. 5, 2024).

Green check means up to date. Up to date

Accessed:
Jun. 5, 2024

§ 1107.006’s source at texas​.gov