Sec. 1152.106. RESERVE LIABILITY FOR VARIABLE CONTRACT. The reserve liability for a variable contract must be established under actuarial procedures that recognize:
(1) the variable nature of the benefits provided; and
(2) any mortality guarantees.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.
Section: Previous 1152.058 1152.059 1152.101 1152.102 1152.103 1152.104 1152.105 1152.106 1152.107 1152.108 1152.109 1152.110 1152.151 1152.201 1152.202 NextLast modified: September 28, 2016