Sec. 882.455. TABLE OF GUARANTEED VALUES. (a) Each insurance policy issued by a mutual life insurance company must contain a table of guaranteed values. The guaranteed values become nonforfeitable not later than the date of payment of the third full annual premium.
(b) The table of guaranteed values shall be drawn in accordance with the law governing life, health, and accident insurance companies.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Structure Texas Statutes
Title 6 - Organization of Insurers and Related Entities
Subtitle E - Mutual and Fraternal Companies and Related Entities
Chapter 882 - Mutual Life Insurance Companies
Subchapter J. Policy Requirements
Section 882.451. Applicability of Certain Provisions
Section 882.452. Type of Policy Authorized
Section 882.454. Limitation on Amount of Policy Value for Certain Companies