Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
Title 7. LIFE INSURANCE AND ANNUITIES |
Subtitle A. LIFE INSURANCE IN GENERAL |
Chapter 1107. STANDARD NONFORFEITURE LAW FOR CERTAIN ANNUITIES |
Subchapter B. COMPUTATION OF MINIMUM NONFORFEITURE AMOUNT |
Sec. 1107.051. MINIMUM NONFORFEITURE AMOUNT
Latest version.
-
The minimum value under Subchapter C of a paid-up annuity, cash surrender, or death benefit shall be computed on the basis of the minimum nonforfeiture amount prescribed by this subchapter.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003. Amended by Acts 2003, 78th Leg., ch. 869, Sec. 1, eff. June 20, 2003.