Tex. Ins. Code § 1107.105
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
For an annuity contract that requires payment of fixed, scheduled considerations, the value of a paid-up annuity, cash surrender, or death benefit that is available under the contract on a date other than an anniversary of the contract date shall be computed to allow for the lapse of time and any scheduled considerations paid after the beginning of the contract year in which payment of considerations under the contract ceased.
Tex. Ins. Code § 1107.105