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Texas Insurance Code - INS § 425.060. Applicability of Calendar Year Statutory Valuation Interest Rates

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

The calendar year statutory valuation interest rates as defined by Sections 425.061, 425.062, and 425.063 are the interest rates used in determining the minimum standard for the valuation of:

(1) a life insurance policy to which Subchapter B, Chapter 1105,  1 applies;

(2) an individual annuity or pure endowment contract issued on or after January 1, 1982;

(3) an annuity or pure endowment purchased on or after January 1, 1982, under a group annuity or pure endowment contract;  or

(4) the net increase, if any, in a calendar year after January 1, 1982, in amounts held under a guaranteed interest contract.

1  V.T.C.A., Insurance Code § 1105.051 et seq.
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Cite this article: FindLaw.com - Texas Insurance Code - INS § 425.060. Applicability of Calendar Year Statutory Valuation Interest Rates - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-425-060/

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