Tex. Ins. Code § 1107.106

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 1107.106 - Minimum Nonforfeiture Values Under Contract That Provides Annuity and Life Insurance Benefits

For a contract that provides, by rider or by supplemental provision, both annuity benefits and life insurance benefits that exceed the greater of the value of the cash surrender benefit or the amount with interest of the gross considerations paid on the contract, the minimum nonforfeiture benefits are equal to the sum of the minimum nonforfeiture benefits for the annuity portion of the contract and the minimum nonforfeiture benefits, if any, for the life insurance portion of the contract, computed as if each portion were a separate contract.

Tex. Ins. Code § 1107.106

Amended by Acts 2003, 78th Leg., ch. 869, Sec. 1, eff. 6/20/2003.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. 6/1/2003.