Sec. 1107.104. COMPUTATION OF DEATH BENEFIT. The value of a death benefit available under an annuity contract that provides a cash surrender benefit may not be less than the value of the cash surrender benefit.
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 C. Value of Nonforfeiture Benefits
Section 1107.101. Present Value of Nonforfeiture Benefits
Section 1107.102. Computation of Paid-Up Annuity Benefit Under Certain Contracts
Section 1107.103. Computation of Cash Surrender Benefit
Section 1107.104. Computation of Death Benefit
Section 1107.105. Computation of Benefits Available at the Time Other Than Contract Anniversary
Section 1107.107. Computations Not Affected by Additional Benefits