SECTION 4.2821. Purpose

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(a) The purpose of this subchapter is to provide:
(1) tables of select mortality factors and rules for their use;
(2) rules concerning a minimum standard for the valuation of plans with nonlevel premiums or benefits; and
(3) rules concerning a minimum standard for the valuation of plans with secondary guarantees.
(b) The method for calculating basic reserves defined in this subchapter will constitute the Commissioners' Reserve Valuation Method for policies to which this subchapter is applicable.

Source Note: The provisions of this §4.2821 adopted to be effective January 1, 2000, 24 TexReg 9650; transferred effective September 1, 2023, as published in the July 28, 2023, issue of the Texas Register, 48 TexReg 4127; amended to be effective January 24, 2024, 49 TexReg 250

                    
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