SECTION 3.1005. Reserve Requirements

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The Standard Valuation Law, as it appears in Texas statutes, discusses interest rates appropriate for the calculation of minimum reserves. The Standard Valuation Law also defines the commissioner's annuity reserve method which is required to be used to compute the minimum reserves for annuity and pure endowment contracts. Reserves must never be less than corresponding cash values.

Source Note: The provisions of this §3.1005 adopted to be effective January 1, 1976; amended to be effective December 10, 1982, 7 TexReg 4106.

                    
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