Tex. Ins. Code § 425.0535 · Subchapter B. STANDARD VALUATION LAW
ANNUAL VALUATION OF RESERVES FOR POLICIES AND CONTRACTS ISSUED ON OR AFTER OPERATIVE DATE OF VALUATION MANUAL.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The commissioner shall annually value, or cause to be valued, the reserves for all outstanding life insurance contracts, annuity and pure endowment contracts, accident and health contracts, and deposit-type contracts of each company issued on or after the operative date of the valuation manual.
(b) In lieu of the valuation of the reserves required of a foreign or alien company, the commissioner may accept a valuation made, or caused to be made, by the insurance supervisory official of another state if the valuation complies with the minimum standard provided by this subchapter.
(c) Sections 425.072(a), 425.073, and 425.074 apply to all policies and contracts issued on or after the operative date of the valuation manual.
Notes and commentary — not statutory text
History
Added by Acts 2015, 84th Leg., R.S., Ch. 313 (S.B. 1654), Sec. 4, eff. September 1, 2015.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.425.htm
- Text hash
- sha256 dec884d59840e13c74cd63c3238b482b49da7c935a1f55cea8786df64ad6bd5d
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Insurance Code
- Tex. Ins. Code § 425.072MINIMUM STANDARD FOR ACCIDENT AND HEALTH INSURANCE CONTRACTS.Printed as Sections 425.072(a), 425.073, and 425.074
- Tex. Ins. Code § 425.073VALUATION MANUAL FOR POLICIES ISSUED ON OR AFTER THE OPERATIVE DATE OF THE VALUATION MANUAL.Printed as Sections 425.072(a), 425.073, and 425.074
- Tex. Ins. Code § 425.074REQUIREMENTS OF A PRINCIPLE-BASED VALUATION.Printed as Sections 425.072(a), 425.073, and 425.074
Cited by 3 provisions
Provisions in this library whose text cites Tex. Ins. Code § 425.0535. Each shows the citation as that text prints it.
Insurance Code
- Tex. Ins. Code § 425.053ANNUAL VALUATION OF RESERVES FOR POLICIES AND CONTRACTS ISSUED BEFORE OPERATIVE DATE OF VALUATION MANUAL.Printed as Section 425.0535
- Tex. Ins. Code § 425.072MINIMUM STANDARD FOR ACCIDENT AND HEALTH INSURANCE CONTRACTS.Printed as Section 425.0535
- Tex. Ins. Code § 425.073VALUATION MANUAL FOR POLICIES ISSUED ON OR AFTER THE OPERATIVE DATE OF THE VALUATION MANUAL.Printed as Section 425.0535
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.