1105.055[1/2] – USE OF MORTALITY TABLES AND INTEREST RATES WITH
Texas Insurance Code § 1105.055[1/2]
Summary
This law mandates the use of specific mortality tables and interest rates for calculating premiums and present values in ordinary life insurance policies. It primarily affects insurance companies offering such policies, ensuring standardized calculations for premium assessments.
Requires use of the 1980 Standard Ordinary Mortality Table.
Applies to ordinary life insurance policies.
Insurance companies can choose specific plans for calculations.
Frequently Asked Questions
Why Attorneys Choose FlawFinder
Side-by-side with Westlaw and LexisNexis
Feature
FlawFinder
Westlaw
LexisNexis
Monthly price
$19 - $99
$133 - $646
$153 - $399
Contract
None
1-3 year min
1-6 year min
Hidden fees
$0, always
Up to $469/search
$25/mo + per-doc
Police SOPs
✓ 310+ departments
✗
✗
Zero-hallucination AI
✓ CitationGuard
✗
✗
Cancel
One click
Termination fees
No option to cancel
Explain Like I'm 5
In simple terms: Learn about Texas's USE OF MORTALITY TABLES AND INTEREST RATES WITH law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
FlawFinder provides legal information, not legal advice. Consult a licensed attorney for specific legal guidance.