Sec. 1107.051. MINIMUM NONFORFEITURE AMOUNT. The minimum value under Subchapter C of a paid-up annuity, cash surrender, or death benefit shall be computed on the basis of the minimum nonforfeiture amount prescribed by this subchapter.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003. Amended by Acts 2003, 78th Leg., ch. 869, Sec. 1, eff. June 20, 2003.
Structure Texas Statutes
Title 7 - Life Insurance and Annuities
Subtitle A - Life Insurance in General
Chapter 1107 - Standard Nonforfeiture Law for Certain Annuities
Subchapter B. Computation of Minimum Nonforfeiture Amount
Section 1107.051. Minimum Nonforfeiture Amount
Section 1107.052. Contract With Flexible Considerations
Section 1107.053. Contract With Fixed, Scheduled Considerations
Section 1107.054. Contract With Single Consideration
Section 1107.055. Interest Rate