Sec. 1107.056. ADDITIONAL INTEREST RATE ADJUSTMENTS. The commissioner may adopt rules to provide for further adjustments to Section 1107.055 for annuity contracts that provide substantive participation in an equity index benefit or other benefits as appropriate.
Added 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