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Texas Insurance Code - INS § 1107.006. Maturity Date

Current as of January 01, 2024 | Updated by Findlaw Staff

In determining the value of benefits under Sections 1107.102, 1107.103, and 1107.104, the maturity date is the latest date on which an election is permitted by the contract, but not later than the later of:

(1) the next anniversary of the annuity contract that follows the annuitant's 70th birthday;  or

(2) the 10th anniversary of the contract.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 1107.006. Maturity Date - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-1107-006/

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