Tex. Ins. Code § 425.066 · Subchapter B. STANDARD VALUATION LAW
MINIMUM AGGREGATE RESERVES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(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.
Notes and commentary — not statutory text
History
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.
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 ab5d85458f72cfbad5f03b7336d4e6c153d64ff1c2f14a64c8f645b2d0c31bb8
- 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 § 425.054ACTUARIAL OPINION OF RESERVES ISSUED BEFORE OPERATIVE DATE OF VALUATION MANUAL.Printed as Section 425.054
- Tex. Ins. Code § 425.064COMMISSIONERS RESERVE VALUATION METHOD FOR LIFE INSURANCE AND ENDOWMENT BENEFITS.Printed as Sections 425.064, 425.065, 425.068, and 425.069
- Tex. Ins. Code § 425.065COMMISSIONERS ANNUITY RESERVE VALUATION METHOD FOR ANNUITY AND PURE ENDOWMENT BENEFITS.Printed as Sections 425.064, 425.065, 425.068, and 425.069
- Tex. Ins. Code § 425.068RESERVE COMPUTATION: GROSS PREMIUM CHARGED LESS THAN VALUATION NET PREMIUM.Printed as Sections 425.064, 425.065, 425.068, and 425.069
- Tex. Ins. Code § 425.069RESERVE COMPUTATION: INDETERMINATE PREMIUM PLANS AND CERTAIN OTHER PLANS.Printed as Sections 425.064, 425.065, 425.068, and 425.069
- Tex. Ins. Code ch. 1105STANDARD NONFORFEITURE LAW FOR LIFE INSURANCEPrinted as Chapter 1105
- Tex. Ins. Code § 1105.002APPLICABILITY OF CHAPTER.Printed as Section 1105.002(a)
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.