Tex.
Ins. Code Section 425.066
Minimum Aggregate Reserves
(a)
An insurance company’s aggregate reserves for all life insurance policies, excluding disability or accidental death benefits, issued by the company on or after the date on which Chapter 1105 (Standard Nonforfeiture Law for Life Insurance) applies to policies issued by the company, as determined under Section 1105.002 (Applicability of Chapter)(a) or (b), may not be less than the aggregate reserves computed in accordance with the methods prescribed by Sections 425.064 (Commissioners Reserve Valuation Method for Life Insurance and Endowment Benefits), 425.065 (Commissioners Annuity Reserve Valuation Method for Annuity and Pure Endowment Benefits), 425.068 (Reserve Computation: Gross Premium Charged Less than Valuation Net Premium), and 425.069 (Reserve Computation: Indeterminate Premium Plans and Certain Other Plans) and the mortality table or tables and interest rate or rates used in computing nonforfeiture benefits for those policies.(b)
The aggregate reserves of an insurance company to which this section applies for all policies, contracts, and benefits may not be less than the aggregate reserves determined to be necessary to issue a favorable opinion under Section 425.054 (Actuarial Opinion of Reserves Issued Before Operative Date of Valuation Manual).
Source:
Section 425.066 — Minimum Aggregate Reserves, https://statutes.capitol.texas.gov/Docs/IN/htm/IN.425.htm#425.066 (accessed Jun. 5, 2024).
