yourstate.us
Home / Texas / Insurance Code
Tex. Insurance Code § 1107.101

PRESENT VALUE OF NONFORFEITURE BENEFITS

Texas · Texas Insurance Code · Status: effective

Get this as JSONEmbed this
Cite this
Citation
Tex. Insurance Code § 1107.101, PRESENT VALUE OF NONFORFEITURE BENEFITS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/680908
Permanent ID
ys:prov:680908@1
SHA-256
c7c3670b458054644529a5963e746e78cb785e8fbdd2b74e414d4ee7b88a85ac

The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.

Full text

(a) The present value of any paid-up annuity benefit available under an annuity contract on the date annuity payments are to begin may not be less than the minimum nonforfeiture amount for that contract on that date as computed under Subchapter B. (b) The present value of the paid-up annuity benefit shall be computed using the mortality table, if any, and the interest rates specified in the contract for computing the minimum paid-up annuity benefit guaranteed by the contract.