Tex. Ins. Code Section 1107.105
Computation of Benefits Available at the Time Other than Contract Anniversary

For an annuity contract that requires payment of fixed, scheduled considerations, the value of a paid-up annuity, cash surrender, or death benefit that is available under the contract on a date other than an anniversary of the contract date shall be computed to allow for the lapse of time and any scheduled considerations paid after the beginning of the contract year in which payment of considerations under the contract ceased.
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.

Source: Section 1107.105 — Computation of Benefits Available at the Time Other than Contract Anniversary, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­1107.­htm#1107.­105 (accessed Jun. 5, 2024).

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Accessed:
Jun. 5, 2024

§ 1107.105’s source at texas​.gov