Uso de Tablas de Mortalidad y Tasas de Geistés en Seguros

(k) If the commissioner by rule adopts a commissioners standard ordinary mortality table adopted by the National Association of Insurance Commissioners for use in determining the minimum nonforfeiture standard for policies issued on or after the operative date of the valuation manual, the minimum nonforfeiture standard determined in accordance with that table supersedes the standard provided by the valuation manual. (l) Except as provided by Subsection (m), for a policy described by Subsection (i) issued on or after the operative date of the valuation manual, the valuation manual must include the commissioners standard industrial mortality table for use in determining the minimum nonforfeiture standard that may be substituted for: (1) the 1961 Standard Industrial Mortality Table; or (2) the Commissioners 1961 Industrial Extended Term Insurance Table. (m) If the commissioner by rule adopts a commissioners standard industrial mortality table adopted by the National Association of Insurance Commissioners for use in determining the minimum nonforfeiture standard for policies issued on or after the operative date of the valuation manual, the minimum nonforfeiture standard determined in accordance with that table supersedes the standard provided by the valuation manual. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003. Statute text rendered on: - 1784 - 10/18/2024 INSURANCE CODE Amended by: Acts 2015, 84th Leg., R.S., Ch. 313 (S.B. 1654), Sec. 17, eff. September 1