Sec. 1152.106. RESERVE LIABILITY FOR VARIABLE CONTRACT

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The reserve liability for a variable contract must be established under actuarial procedures that recognize:
(1) the variable nature of the benefits provided; and
(2) any mortality guarantees.

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.

                    
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