Tex. Ins. Code § 1107.006

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 1107.006 - Maturity Date

In determining the value of benefits under Sections 1107.102, 1107.103, and 1107.104, the maturity date is the latest date on which an election is permitted by the contract, but not later than the later of:

(1) the next anniversary of the annuity contract that follows the annuitant's 70th birthday; or

(2) the 10th anniversary of the contract.

Tex. Ins. Code § 1107.006

Amended By Acts 2009, 81st Leg., R.S., Ch. 408, Sec. 1, eff. 9/1/2009.