SECTION 56.65. Cost of the Annuity

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(a) The carrier shall submit to the board with the structured settlement, in camera, the cost of the annuity.
(b) The cost of the annuity to a carrier that does not purchase an annuity from a third party is the discounted value of the periodic payments to be provided (effective 1987).

Source Note: The provisions of this §56.65 adopted to be effective December 21, 1987, 12 TexReg 4529.

                    
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