Texas Insurance Code - Section 425.066. Minimum Aggregate Reserves
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§ 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 applies to
policies issued by the company, as determined under Section
1105.002(a) or (b), may not be less than the aggregate reserves
computed in accordance with the methods prescribed by Sections
425.064, 425.065, 425.068, and 425.069 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.
Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007.
Section: 425.059 425.060 425.061 425.062 425.063 425.064 425.065 425.066 425.067 425.068 425.069 425.070 425.101 425.102 425.103
Last modified: August 11, 2007
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