Tex. Insurance Code § 1107.105
This is the official text of Tex. Insurance Code § 1107.105, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 1107.105. COMPUTATION OF BENEFITS AVAILABLE AT THE TIME OTHER THAN CONTRACT ANNIVERSARY.
Official statutory text
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.
Status: in_force · Read it on the official government site
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