1105.005 – COMPUTATION OF ADJUSTED PREMIUMS AND PRESENT
Texas Insurance Code § 1105.005
Summary
This section outlines how adjusted premiums and present values are calculated for insurance policies, specifying the use of mortality tables and interest rates. It is relevant for insurance companies and actuaries involved in premium calculations and policy evaluations.
Establishes methods for calculating adjusted premiums.
Specifies the use of mortality tables and interest rates.
Applies to insurance companies and actuaries.
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In simple terms: Learn about Texas's COMPUTATION OF ADJUSTED PREMIUMS AND PRESENT law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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