Section 425.060 - Applicability of Calendar Year Statutory Valuation Interest Rates The calendar year statutory valuation interest rates as defined by Sections 425.061, 425.062, and 425.063 are the interest rates used in determining the minimum standard for the valuation of:
(1) a life insurance policy to which Subchapter B, Chapter 1105, applies;(2) an individual annuity or pure endowment contract issued on or after January 1, 1982;(3) an annuity or pure endowment purchased on or after January 1, 1982, under a group annuity or pure endowment contract; or(4) the net increase, if any, in a calendar year after January 1, 1982, in amounts held under a guaranteed interest contract.Added by Acts 2005, 79th Leg., Ch. 727, Sec. 1, eff. 4/1/2007.