Texas Administrative Code (Last Updated: March 27,2024) |
TITLE 28. INSURANCE |
PART 1. TEXAS DEPARTMENT OF INSURANCE |
CHAPTER 4. LIFE AND ANNUITY |
SUBCHAPTER BB. LIFE AND ANNUITY RESERVES |
DIVISION 4. PRENEED LIFE INSURANCE MINIMUM MORTALITY STANDARDS FOR DETERMINING RESERVE LIABILITIES AND NONFORFEITURE VALUES |
SECTION 4.2833. Minimum Valuation Mortality Standards
Latest version.
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Except as provided by §4.2836 of this title (relating to Transitional Use of the 2001 CSO Mortality Table), the Ultimate 1980 CSO is the minimum mortality standard for determining reserve liabilities and nonforfeiture values for both male and female insureds for preneed life insurance policies issued on or after January 1, 2009.
Source Note: The provisions of this §4.2833 adopted to be effective December 29, 2008, 33 TexReg 10441; 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