Texas Insurance Code - Section 425.060. Applicability Of Calendar Year Statutory Valuation Interest Rates
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§ 425.060. APPLICABILITY OF CALENDAR YEAR STATUTORY
VALUATION INTEREST RATES. The calendar year statutory valuation
interest rates as defined by Sections 425.061, 425.062, and 425.063
are the interest rates used in determining the minimum standard for
the valuation of:
(1) a life insurance policy to which Subchapter B,
Chapter 1105, applies;
(2) an individual annuity or pure endowment contract
issued on or after January 1, 1982;
(3) an annuity or pure endowment purchased on or after
January 1, 1982, under a group annuity or pure endowment contract;
or
(4) the net increase, if any, in a calendar year after
January 1, 1982, in amounts held under a guaranteed interest
contract.
Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007.
Section: 425.053 425.054 425.055 425.056 425.057 425.058 425.059 425.060 425.061 425.062 425.063 425.064 425.065 425.066 425.067
Last modified: August 11, 2007
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